San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.92 and traded as high as $3.99. San Juan Basin Royalty Trust shares last traded at $3.94, with a volume of 250,479 shares changing hands.
San Juan Basin Royalty Trust Stock Performance
The firm's 50 day simple moving average is $4.13 and its 200 day simple moving average is $3.92. The firm has a market capitalization of $194.83 million, a price-to-earnings ratio of 15.48 and a beta of 0.86.
Institutional Trading of San Juan Basin Royalty Trust
A number of hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in shares of 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 valued at $27,000 after acquiring an additional 5,400 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in San Juan Basin Royalty Trust in the third quarter worth approximately $34,000. Pecaut & CO. purchased a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth $38,000. Americana Partners LLC purchased a new position in shares of San Juan Basin Royalty Trust during the third quarter worth $40,000. Finally, GSA Capital Partners LLP purchased a new position in shares of San Juan Basin Royalty Trust during the third quarter worth $41,000. Hedge funds and other institutional investors 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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