San Juan Basin Royalty Trust (NYSE:SJT) Major Shareholder Eric Oliver Purchases 259,605 Shares of Company Stock

Key Points

• Major shareholder Eric Oliver bought 259,605 shares of San Juan Basin Royalty Trust at an average of $4.14 per share, spending about $1.07 million. The purchase increased his stake by 5.54% to 4,942,794 shares.
• The stock opened at $4.47 and had a 52-week range of $2.37 to $6.55; its market capitalization was about $208 million.
• Analyst sentiment remains negative: the stock has an average Sell rating, and Weiss Ratings recently lowered its rating from “sell (d)” to “sell (e+).”

San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) major shareholder Eric Oliver purchased 259,605 shares of the company's stock in a transaction on Tuesday, November 10th. The shares were purchased at an average price of $4.14 per share, for a total transaction of $1,074,764.70. Following the purchase, the insider owned 4,942,794 shares in the company, valued at approximately $20,463,167.16. The trade was a 5.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

San Juan Basin Royalty Trust Price Performance

NYSE:SJT opened at $4.47 on Thursday. The company's fifty day moving average price is $3.48 and its 200-day moving average price is $3.91. San Juan Basin Royalty Trust has a 1-year low of $2.37 and a 1-year high of $6.55. The firm has a market capitalization of $208.35 million, a P/E ratio of -447.00 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered San Juan Basin Royalty Trust from a "sell (d)" rating to a "sell (e+)" rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of "Sell".

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in San Juan Basin Royalty Trust during the 3rd quarter worth $48,000. EagleClaw Capital Managment LLC purchased a new stake in San Juan Basin Royalty Trust during the 3rd quarter valued at approximately $63,000. Atlas Wealth Partners LLC grew its position in San Juan Basin Royalty Trust by 7.7% in the 3rd quarter. Atlas Wealth Partners LLC now owns 43,206 shares of the oil and gas producer's stock valued at $158,000 after buying an additional 3,100 shares during the last quarter. State of Wyoming raised its holdings in San Juan Basin Royalty Trust by 73.9% during the first quarter. State of Wyoming now owns 36,596 shares of the oil and gas producer's stock worth $176,000 after purchasing an additional 15,552 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter worth $284,000. 10.42% of the stock is owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust is a grantor trust that owns royalty interests in oil and natural gas properties located in the San Juan Basin of northwestern New Mexico. The trust does not operate wells, develop properties or sell energy products directly; instead, it receives royalty payments from production generated by the underlying properties. The trust's interests were originally conveyed by Southland Royalty Company, and the properties are operated by third-party energy companies. Revenues are derived primarily from the sale of crude oil, natural gas and related production, with proceeds distributed to the trust's unitholders after applicable production costs, taxes and administrative expenses.

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