Reserve Petroleum (OTCMKTS:RSRV) Shares Down 2.4%

The Reserve Petroleum Company (OTCMKTS:RSRV)’s share price traded down 2.4% during trading on Wednesday . The stock traded as low as $155.00 and last traded at $165.00. 121 shares traded hands during trading, a decline of 39% from the average session volume of 199 shares. The stock had previously closed at $169.00.

Reserve Petroleum Trading Down 1.6 %

The firm has a 50-day moving average of $168.80 and a 200 day moving average of $173.94.

Reserve Petroleum (OTCMKTS:RSRV) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $4.75 earnings per share (EPS) for the quarter. The business had revenue of $3.63 million for the quarter.

Reserve Petroleum Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, June 18th. Shareholders of record on Wednesday, June 5th were issued a dividend of $10.00 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a yield of 5.41%.

About Reserve Petroleum

The Reserve Petroleum Company, an independent oil and gas company, engages in oil and natural gas exploration, development, and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming. It owns producing properties and non-producing mineral interests in the north and south-central United States.