San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) shares 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 trading hands.
San Juan Basin Royalty Trust Trading Down 3.6%
The firm has a market cap of $271.74 million, a P/E ratio of 291.65 and a beta of 0.67. The company's 50 day simple moving average is $6.22 and its 200-day simple moving average is $5.57.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC purchased a new position in shares of San Juan Basin Royalty Trust during the 2nd quarter worth $69,955,000. Cannell Capital LLC grew its holdings in San Juan Basin Royalty Trust by 32.0% during the 4th quarter. Cannell Capital LLC now owns 1,830,244 shares of the oil and gas producer's stock valued at $7,010,000 after buying an additional 443,604 shares in the last quarter. Principia Wealth Advisory LLC grew its holdings in San Juan Basin Royalty Trust by 3,003.3% during the 1st quarter. Principia Wealth Advisory LLC now owns 653,767 shares of the oil and gas producer's stock valued at $3,354,000 after buying an additional 632,700 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of San Juan Basin Royalty Trust by 0.3% in the second 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 in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of San Juan Basin Royalty Trust by 74.1% in the second 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 in the last quarter. 10.42% of the stock is currently owned by 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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