San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.
San Juan Basin Royalty Trust Stock Down 3.1 %
The firm has a market cap of $187.84 million, a P/E ratio of 14.93 and a beta of 0.86. The firm's 50-day simple moving average is $4.02 and its 200 day simple moving average is $3.88.
Institutional Trading of San Juan Basin Royalty Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in San Juan Basin Royalty Trust in the 3rd quarter worth approximately $150,000. Mountaineer Partners Management LLC raised its position in shares of San Juan Basin Royalty Trust by 260.5% in 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 buying an additional 1,922,570 shares in the last quarter. Ingalls & Snyder LLC boosted its stake 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 buying an additional 20,896 shares during the period. Horizon Kinetics Asset Management LLC grew its position in San Juan Basin Royalty Trust by 23.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 1,291,926 shares of the oil and gas producer's stock worth $4,780,000 after buying an additional 242,871 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake 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 acquiring an additional 29,550 shares during the last quarter. 10.42% of the stock is currently owned by institutional investors.
About San Juan Basin Royalty Trust
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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.
Further Reading
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