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

San Juan Basin Royalty Trust (NYSE:SJT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.88 and traded as high as $4.14. San Juan Basin Royalty Trust shares last traded at $4.03, with a volume of 272,101 shares.

San Juan Basin Royalty Trust Stock Performance

The firm has a fifty day moving average price of $4.02 and a 200 day moving average price of $3.88. The company has a market cap of $187.84 million, a price-to-earnings ratio of 14.93 and a beta of 0.86.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

A number of large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in San Juan Basin Royalty Trust during the third quarter worth $41,000. International Assets Investment Management LLC boosted its holdings in shares of San Juan Basin Royalty Trust by 270.0% during the 3rd quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock worth $27,000 after buying an additional 5,400 shares during the period. Moors & Cabot Inc. grew its stake in San Juan Basin Royalty Trust by 12.0% in the 2nd quarter. Moors & Cabot Inc. now owns 88,400 shares of the oil and gas producer’s stock valued at $359,000 after buying an additional 9,450 shares during the last quarter. Ingalls & Snyder LLC raised its holdings in 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 acquiring an additional 20,896 shares during the period. Finally, Meixler Investment Management Ltd. lifted its position in San Juan Basin Royalty Trust by 11.7% during the third quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 3,800 shares during the last quarter. Institutional investors own 10.42% of the company’s stock.

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.