Mesa Royalty Trust (NYSE:MTR) Shares Cross Above 50-Day Moving Average of $10.18

Mesa Royalty Trust (NYSE:MTR) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.18 and traded as high as $10.63. Mesa Royalty Trust shares last traded at $10.62, with a volume of 4,011 shares trading hands.

Mesa Royalty Trust Price Performance

The company has a 50-day moving average price of $10.18 and a 200-day moving average price of $12.98.

Mesa Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a $0.0252 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.30 annualized dividend and a dividend yield of 2.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SNC boosted its position in shares of Mesa Royalty Trust by 50.0% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 2,032 shares of the energy company’s stock worth $33,000 after purchasing an additional 677 shares during the last quarter. UBS Group AG boosted its position in shares of Mesa Royalty Trust by 56.3% in the 3rd quarter. UBS Group AG now owns 3,908 shares of the energy company’s stock worth $49,000 after purchasing an additional 1,408 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Mesa Royalty Trust during the 1st quarter worth $58,000. Citadel Advisors LLC raised its stake in Mesa Royalty Trust by 18.9% during the 4th quarter. Citadel Advisors LLC now owns 17,460 shares of the energy company’s stock worth $230,000 after buying an additional 2,776 shares during the period. Finally, Significant Wealth Partners LLC acquired a new stake in Mesa Royalty Trust during the 4th quarter worth $549,000. 12.73% of the stock is currently owned by institutional investors.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin of Northwestern New Mexico and Southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.