Wells Fargo & Company MN grew its position in shares of Hugoton Royalty Trust (NYSE:HGT) by 17.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,598,468 shares of the oil and gas company’s stock after purchasing an additional 233,347 shares during the period. Wells Fargo & Company MN owned approximately 4.00% of Hugoton Royalty Trust worth $2,957,000 as of its most recent SEC filing.
Hugoton Royalty Trust (NYSE:HGT) traded down $0.05 during trading on Friday, reaching $0.80. 315,301 shares of the company’s stock were exchanged, compared to its average volume of 256,941. Hugoton Royalty Trust has a 1 year low of $0.80 and a 1 year high of $2.35. The firm has a market capitalization of $33.97, a P/E ratio of 6.67 and a beta of -0.68.
Hugoton Royalty Trust (NYSE:HGT) last announced its quarterly earnings results on Monday, November 6th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $0.69 million during the quarter. Hugoton Royalty Trust had a net margin of 86.06% and a return on equity of 20.82%.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.011 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.13 annualized dividend and a yield of 16.50%. This is an increase from Hugoton Royalty Trust’s previous monthly dividend of $0.01. Hugoton Royalty Trust’s dividend payout ratio is presently 108.33%.
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Hugoton Royalty Trust Company Profile
Hugoton Royalty Trust is an express trust. The Company is created pursuant to the Hugoton Royalty Trust Indenture between XTO Energy Inc, as grantor, and NationsBank, N.A., as trustee. Southwest Bank is now the trustee of the trust of the Company. XTO Energy is a subsidiary of Exxon Mobil Corporation.
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