San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.80 and traded as high as $6.91. San Juan Basin Royalty Trust shares last traded at $6.83, with a volume of 546,851 shares traded.
San Juan Basin Royalty Trust Trading Up 6.1%
The company has a market capitalization of $318.11 million, a PE ratio of 25.28 and a beta of 0.70. The business's fifty day moving average is $5.72 and its two-hundred day moving average is $4.80.
Hedge Funds Weigh In On San Juan Basin Royalty Trust
Hedge funds have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC raised its holdings in San Juan Basin Royalty Trust by 40.4% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,814,214 shares of the oil and gas producer's stock worth $6,948,000 after acquiring an additional 522,288 shares during the last quarter. Moors & Cabot Inc. raised its holdings in San Juan Basin Royalty Trust by 75.3% in the 4th quarter. Moors & Cabot Inc. now owns 206,750 shares of the oil and gas producer's stock worth $792,000 after acquiring an additional 88,800 shares during the last quarter. Private Advisor Group LLC purchased a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at $102,000. Ashton Thomas Private Wealth LLC purchased a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at $2,686,000. Finally, Raymond James Financial Inc. purchased a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at $783,000. 10.42% of the stock is currently owned by hedge funds and other institutional investors.
About San Juan Basin Royalty Trust
(
Get Free Report)
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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