Wells Fargo Amends MESA ROYALTY TRUST Stake (13G/A)
Ticker: MTR · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 313364
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing, oil-royalty
TL;DR
**Wells Fargo updated its passive stake in Mesa Royalty Trust, no big changes.**
AI Summary
Wells Fargo & Company filed an amended Schedule 13G/A on February 6, 2024, indicating its ownership of Units of Beneficial Interest in MESA ROYALTY TRUST/TX as of December 31, 2023. This filing, Amendment No. 5, updates previous disclosures regarding Wells Fargo's passive investment in the oil royalty trust. This matters to investors because it confirms Wells Fargo's continued, albeit passive, stake in MESA ROYALTY TRUST, suggesting a stable institutional presence without any immediate signs of aggressive changes in ownership or strategy.
Why It Matters
This filing confirms Wells Fargo's ongoing passive ownership in MESA ROYALTY TRUST, providing transparency on institutional holdings without signaling any active management changes.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a passive stake without any significant changes in ownership or intent.
Analyst Insight
Investors should note that Wells Fargo's continued passive ownership in MESA ROYALTY TRUST suggests no immediate strategic shifts or activist intentions from this major institutional holder. This filing is largely administrative, confirming existing positions.
Key Players & Entities
- Wells Fargo & Company (company) — the reporting person and institutional investor
- MESA ROYALTY TRUST/TX (company) — the subject company whose securities are being reported
- BNY MELLON TRUST COMPANY, N.A. (company) — business address for MESA ROYALTY TRUST/TX
- December 31, 2023 (date) — the date of the event requiring the filing
- February 6, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 5.
Who is the reporting person in this filing?
The reporting person is Wells Fargo & Company, with a Tax ID of 41-0449260.
What is the name of the issuer whose securities are being reported?
The issuer is MESA ROYALTY TRUST, and the title of the class of securities is Units of Beneficial Interest.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Units of Beneficial Interest in MESA ROYALTY TRUST is 590660106.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 1,031 words · 4 min read · ~3 pages · Grade level 8.5 · Accepted 2024-02-06 10:06:36
Filing Documents
- wf_mesaroyaltyt_590660106.htm (SC 13G/A) — 17KB
- 0000072971-24-000043.txt ( ) — 19KB
Ownership
Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 104,663 (b) Percent of class: 5.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 104,663 (iv) Shared power to dispose or to direct the disposition of: 0
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [].
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. See Exhibit B
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 6, 2024 WELLS FARGO & COMPANY /s/ Patricia Arce Signature Patricia Arce, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE This Schedule 13G is filed by Wells Fargo & Company on its own behalf and on behalf of any subsidiaries listed in Exhibit B. Aggregate beneficial ownership reported by Wells Fargo & Company under Item 9 on page 2 is on a consolidated basis and includes any beneficial ownership separately reported herein by a subsidiary. Exhibit B The Schedule 13G to which this attachment is appended is filed by Wells Fargo & Company on behalf of the following subsidiaries: Wells Fargo Advisors Financial Network, LLC (1) Wells Fargo Clearing Services, LLC (1) (1) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c)