Shares of San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.03 and traded as high as $5.03. San Juan Basin Royalty Trust shares last traded at $4.79, with a volume of 255,569 shares changing hands.
San Juan Basin Royalty Trust Trading Up 2.4 %
The business has a fifty day moving average price of $4.41 and a two-hundred day moving average price of $4.05. The company has a market cap of $232.35 million, a price-to-earnings ratio of 18.46 and a beta of 0.86.
Hedge Funds Weigh In On San Juan Basin Royalty Trust
Several large investors have recently made changes to their positions in SJT. GSA Capital Partners LLP bought a new stake in shares of San Juan Basin Royalty Trust in the third quarter valued at approximately $41,000. International Assets Investment Management LLC grew its position in San Juan Basin Royalty Trust by 270.0% during the third 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 in the last quarter. Ingalls & Snyder LLC increased 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 acquiring an additional 20,896 shares during the period. Meixler Investment Management Ltd. raised its holdings in San Juan Basin Royalty Trust by 11.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer's stock valued at $134,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Mountaineer Partners Management LLC lifted its position 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 worth $9,844,000 after acquiring an additional 1,922,570 shares during the period. Institutional investors and hedge funds own 10.42% of the company's stock.
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.
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