San Juan Basin Royalty Trust (NYSE:SJT) Receives "Sell (D)" Rating from Weiss Ratings

Key Points

• San Juan Basin Royalty Trust's stock received a "sell (D)" rating reaffirmed by Weiss Ratings, indicating bearish sentiment among analysts.
• The stock is currently trading at $6.16, down 1.6% during mid-day trading, while its one-year low is $3.66 and high is $7.22.
• Several hedge funds have recently increased their holdings in San Juan Basin Royalty Trust, including a 190.9% increase by RR Advisors LLC in the 1st quarter.

San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

San Juan Basin Royalty Trust Stock Down 1.6%

San Juan Basin Royalty Trust stock traded down $0.10 during mid-day trading on Wednesday, hitting $6.16. 233,238 shares of the company's stock traded hands, compared to its average volume of 198,715. The firm has a 50 day moving average price of $5.88 and a 200 day moving average price of $5.97. San Juan Basin Royalty Trust has a one year low of $3.66 and a one year high of $7.22.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Several hedge funds have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of San Juan Basin Royalty Trust during the 2nd quarter valued at $69,955,000. Horizon Kinetics Asset Management LLC increased its position in shares of San Juan Basin Royalty Trust by 86.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 4,594,502 shares of the oil and gas producer's stock valued at $27,475,000 after purchasing an additional 2,124,370 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of San Juan Basin Royalty Trust by 0.3% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 641,226 shares of the oil and gas producer's stock valued at $3,835,000 after purchasing an additional 1,983 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of San Juan Basin Royalty Trust by 74.1% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 485,815 shares of the oil and gas producer's stock valued at $2,900,000 after purchasing an additional 206,780 shares during the period. Finally, RR Advisors LLC increased its position in shares of San Juan Basin Royalty Trust by 190.9% during the 1st quarter. RR Advisors LLC now owns 416,000 shares of the oil and gas producer's stock valued at $2,301,000 after purchasing an additional 273,000 shares during the period. 10.42% of the stock is currently owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Company Profile

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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