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

San Juan Basin Royalty Trust (NYSE:SJT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.89 and traded as high as $3.90. San Juan Basin Royalty Trust shares last traded at $3.78, with a volume of 339,063 shares.

San Juan Basin Royalty Trust Trading Down 3.2 %

The stock has a market cap of $170.59 million, a PE ratio of 13.56 and a beta of 0.83. The firm has a fifty day simple moving average of $4.04 and a two-hundred day simple moving average of $3.88.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in San Juan Basin Royalty Trust in the third quarter worth $150,000. Mountaineer Partners Management LLC lifted its stake in San Juan Basin Royalty Trust by 260.5% during the third quarter. Mountaineer Partners Management LLC now owns 2,660,500 shares of the oil and gas producer’s stock worth $9,844,000 after purchasing an additional 1,922,570 shares during the last quarter. Ingalls & Snyder LLC increased its position in shares of San Juan Basin Royalty Trust by 60.0% during 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 last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of San Juan Basin Royalty Trust by 23.2% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 1,291,926 shares of the oil and gas producer’s stock valued at $4,780,000 after purchasing an additional 242,871 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in San Juan Basin Royalty Trust by 33.4% in the 3rd quarter. Moors & Cabot Inc. now owns 117,950 shares of the oil and gas producer’s stock worth $436,000 after buying an additional 29,550 shares during the last quarter. Hedge funds and other institutional investors own 10.42% of the company’s stock.

About San Juan Basin Royalty Trust

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.