Mesa Royalty Trust (NYSE:MTR) Share Price Passes Above 50 Day Moving Average of $10.97

Shares of Mesa Royalty Trust (NYSE:MTRGet Rating) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.97 and traded as high as $15.00. Mesa Royalty Trust shares last traded at $14.61, with a volume of 35,285 shares trading hands.

Separately, TheStreet raised Mesa Royalty Trust from a “c” rating to a “b-” rating in a report on Tuesday, April 5th.

The stock has a 50 day simple moving average of $10.97 and a 200-day simple moving average of $8.29.

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, April 29th will be given a dividend of $0.1015 per share. The ex-dividend date is Thursday, April 28th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 8.34%.

Large investors have recently made changes to their positions in the stock. UBS Group AG lifted its holdings in shares of Mesa Royalty Trust by 800.0% in the 1st quarter. UBS Group AG now owns 4,500 shares of the energy company’s stock valued at $39,000 after acquiring an additional 4,000 shares during the last quarter. BNP Paribas Arbitrage SA bought a new stake in Mesa Royalty Trust in the first quarter worth about $58,000. Finally, Morgan Stanley lifted its stake in Mesa Royalty Trust by 294.7% in the first quarter. Morgan Stanley now owns 30,000 shares of the energy company’s stock worth $143,000 after purchasing an additional 22,400 shares during the last quarter.

Mesa Royalty Trust Company Profile (NYSE:MTR)

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

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