San Juan Basin Royalty Trust (NYSE:SJT) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of San Juan Basin Royalty Trust (NYSE:SJT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.92 and traded as high as $4.24. San Juan Basin Royalty Trust shares last traded at $4.20, with a volume of 116,832 shares traded.

San Juan Basin Royalty Trust Stock Down 0.8 %

The firm has a 50-day moving average price of $4.18 and a two-hundred day moving average price of $3.92. The company has a market capitalization of $194.59 million, a P/E ratio of 15.46 and a beta of 0.86.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Institutional investors have recently added to or reduced their stakes in the company. Atlas Wealth Partners LLC raised its stake in shares of San Juan Basin Royalty Trust by 16.4% in the 4th quarter. Atlas Wealth Partners LLC now owns 20,050 shares of the oil and gas producer’s stock valued at $77,000 after buying an additional 2,825 shares in the last quarter. Clear Harbor Asset Management LLC bought a new position in San Juan Basin Royalty Trust during the fourth quarter worth about $147,000. Virtu Financial LLC acquired a new stake in San Juan Basin Royalty Trust during the third quarter valued at approximately $150,000. Mountaineer Partners Management LLC grew its stake in shares of San Juan Basin Royalty Trust by 260.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 2,660,500 shares of the oil and gas producer’s stock valued at $9,844,000 after purchasing an additional 1,922,570 shares during the period. Finally, Ingalls & Snyder LLC grew its stake in shares of San Juan Basin Royalty Trust by 60.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 55,694 shares of the oil and gas producer’s stock valued at $206,000 after purchasing an additional 20,896 shares during the period. 10.42% of the stock is owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland’s oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico.