Shares of San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.71 and traded as high as $5.93. San Juan Basin Royalty Trust shares last traded at $5.85, with a volume of 453,254 shares traded.
San Juan Basin Royalty Trust Stock Performance
The company has a 50 day moving average price of $5.94 and a two-hundred day moving average price of $5.77.
Institutional Trading of San Juan Basin Royalty Trust
Several large investors have recently made changes to their positions in SJT. Raymond James Financial Inc. purchased a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth approximately $783,000. Mariner LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth approximately $40,000. XTX Topco Ltd purchased a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth approximately $75,000. OneDigital Investment Advisors LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth approximately $109,000. Finally, Beacon Pointe Advisors LLC increased its position in shares of San Juan Basin Royalty Trust by 537.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 117,329 shares of the oil and gas producer's stock worth $449,000 after purchasing an additional 98,929 shares in the last quarter. 10.42% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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