Ashton Thomas Private Wealth LLC Has $1.42 Million Holdings in Mesa Royalty Trust $MTR

Ashton Thomas Private Wealth LLC reduced its stake in shares of Mesa Royalty Trust (NYSE:MTR) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 254,537 shares of the energy company’s stock after selling 5,286 shares during the quarter. Ashton Thomas Private Wealth LLC owned approximately 0.14% of Mesa Royalty Trust worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Mesa Royalty Trust Stock Performance

Shares of MTR stock opened at $4.73 on Wednesday. Mesa Royalty Trust has a 52-week low of $4.70 and a 52-week high of $10.42. The stock has a market cap of $8.79 million, a price-to-earnings ratio of 22.50 and a beta of 0.47. The firm has a fifty day moving average of $5.35 and a 200-day moving average of $5.43.

Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Thursday, August 14th. The energy company reported $0.11 earnings per share for the quarter. Mesa Royalty Trust had a net margin of 80.08% and a return on equity of 12.55%. The business had revenue of $0.22 million for the quarter.

Mesa Royalty Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, October 31st will be issued a $0.0184 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 4.7%. Mesa Royalty Trust’s dividend payout ratio is presently 9.52%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Mesa Royalty Trust in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Mesa Royalty Trust Profile

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