Mesa Royalty Trust (NYSE:MTR) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $13.35 and last traded at $13.42, with a volume of 2700 shares traded. The stock had previously closed at $13.45.
Separately, TheStreet cut shares of Mesa Royalty Trust from a “b” rating to a “c+” rating in a research report on Friday, September 7th.
Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Tuesday, August 14th. The energy company reported $0.26 EPS for the quarter. Mesa Royalty Trust had a net margin of 94.00% and a return on equity of 84.52%. The business had revenue of $0.53 million for the quarter.
A hedge fund recently raised its stake in Mesa Royalty Trust stock. Wells Fargo & Company MN lifted its position in shares of Mesa Royalty Trust (NYSE:MTR) by 21.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,222 shares of the energy company’s stock after purchasing an additional 16,625 shares during the period. Wells Fargo & Company MN owned about 5.12% of Mesa Royalty Trust worth $1,431,000 as of its most recent SEC filing. Institutional investors own 14.76% of the company’s stock.
About Mesa Royalty Trust (NYSE:MTR)
Mesa Royalty Trust holds net overriding royalty interests in various oil and gas properties in the United States. It has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of New Mexico and Colorado. The company was founded in 1979 and is based in Houston, Texas.
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