In today’s recent session, 1.95 million shares of the Mesa Royalty Trust (NYSE:MTR) have been traded, and its beta is 0.41. Most recently the company’s share price was $8.57, and it changed around $2.04 or 31.34% from the last close, which brings the market valuation of the company to $15.97M. MTR at last check was trading at a discount to its 52-week high of $8.97, offering almost -4.67% off that amount. The share price’s 52-week low was $4.70, which indicates that the recent value has risen by an impressive 45.16% since then. We note from Mesa Royalty Trust’s average daily trading volume that its 10-day average is 41160.0 shares, with the 3-month average coming to 11.55K.
Mesa Royalty Trust (NYSE:MTR) trade information
Instantly MTR has been showing a green trend so far today with a performance of 31.34% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.42 on recent trading dayincreased the stock’s daily price by 17.75%. The company’s shares are currently up 45.01% year-to-date, but still up 70.72% over the last five days. On the other hand, Mesa Royalty Trust (NYSE:MTR) is 69.03% up in the 30-day period. We can see from the shorts that 11248.0 shares have been sold at a short interest cover period of 2.15 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.30%.
MTR Dividends
Mesa Royalty Trust’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 1.92 percent and its annual dividend per share was 0.16. It is important to note, however, that the 1.92% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 8.16 per year.
Mesa Royalty Trust (NYSE:MTR)’s Major holders
Upon looking at major shareholders, 31.90% of them are in the hands of institutional investors. The stock currently has a share float of 31.90%. Mesa Royalty Trust stock is held by 14.0 institutions, with WELLS FARGO & COMPANY/MN being the largest institutional investor. By 2024-06-30, it held 5.3299% of the shares, which is about 99327.0 shares worth $0.88 million.
MCGOWAN GROUP ASSET MANAGEMENT, INC., with 1.6986% or 31655.0 shares worth $0.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
