San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.56 and traded as high as $5.94. San Juan Basin Royalty Trust shares last traded at $5.88, with a volume of 156,743 shares.
San Juan Basin Royalty Trust Trading Down 3.6%
The stock's 50 day moving average price is $6.20 and its 200 day moving average price is $5.58. The company has a market capitalization of $271.73 million, a price-to-earnings ratio of 291.65 and a beta of 0.67.
Hedge Funds Weigh In On San Juan Basin Royalty Trust
Large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its stake in San Juan Basin Royalty Trust by 305.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 93,523 shares of the oil and gas producer's stock valued at $516,000 after purchasing an additional 70,475 shares during the last quarter. Financial Sense Advisors Inc. acquired a new stake in San Juan Basin Royalty Trust in the 1st quarter valued at about $802,000. Bank of America Corp DE lifted its stake in San Juan Basin Royalty Trust by 83.8% in the 4th quarter. Bank of America Corp DE now owns 104,402 shares of the oil and gas producer's stock valued at $400,000 after purchasing an additional 47,615 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in San Juan Basin Royalty Trust in the 4th quarter valued at about $783,000. Finally, Ameriflex Group Inc. acquired a new stake in San Juan Basin Royalty Trust in the 4th quarter valued at about $226,000. 10.42% of the stock is currently owned by institutional investors and hedge funds.
San Juan Basin Royalty Trust Company Profile
(
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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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