Shares of San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.89 and traded as high as $4.50. San Juan Basin Royalty Trust shares last traded at $4.50, with a volume of 435,495 shares traded.
San Juan Basin Royalty Trust Stock Down 1.8 %
The firm has a market capitalization of $205.08 million, a price-to-earnings ratio of 16.30 and a beta of 0.86. The business's fifty day moving average is $4.05 and its 200 day moving average is $3.89.
Institutional Trading of San Juan Basin Royalty Trust
A number of institutional investors have recently made changes to their positions in SJT. Virtu Financial LLC acquired a new stake in San Juan Basin Royalty Trust in the 3rd quarter valued at $150,000. Mountaineer Partners Management LLC raised its holdings 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 acquiring an additional 1,922,570 shares in the last quarter. Ingalls & Snyder LLC boosted its position in San Juan Basin Royalty Trust by 60.0% during the third 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 grew its stake in San Juan Basin Royalty Trust by 23.2% in the third 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 in the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of San Juan Basin Royalty Trust by 33.4% during the 3rd quarter. Moors & Cabot Inc. now owns 117,950 shares of the oil and gas producer's stock worth $436,000 after purchasing an additional 29,550 shares during the last quarter. Institutional investors own 10.42% of the company's stock.
About San Juan Basin Royalty Trust
(
Get Free Report)
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.
See Also
Before you consider San Juan Basin Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and San Juan Basin Royalty Trust wasn't on the list.
While San Juan Basin Royalty Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
