Shares of San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.34 and traded as high as $6.19. San Juan Basin Royalty Trust shares last traded at $6.07, with a volume of 123,793 shares trading hands.
San Juan Basin Royalty Trust Trading Down 2.4%
The stock has a market cap of $282.92 million, a PE ratio of 303.65 and a beta of 0.67. The company has a fifty day moving average of $6.35 and a 200-day moving average of $5.34.
Institutional Investors Weigh In On San Juan Basin Royalty Trust
Several large investors have recently bought and sold shares of SJT. Horizon Kinetics Asset Management LLC boosted its stake in shares of 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 valued at $6,948,000 after buying an additional 522,288 shares during the period. Moors & Cabot Inc. grew its position in shares of San Juan Basin Royalty Trust by 75.3% during the fourth quarter. Moors & Cabot Inc. now owns 206,750 shares of the oil and gas producer's stock worth $792,000 after buying an additional 88,800 shares in the last quarter. Bank of America Corp DE grew its position in shares of San Juan Basin Royalty Trust by 83.8% during the fourth quarter. Bank of America Corp DE now owns 104,402 shares of the oil and gas producer's stock worth $400,000 after buying an additional 47,615 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth about $783,000. Finally, Ameriflex Group Inc. acquired a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth about $226,000. Hedge funds and other institutional investors own 10.42% of the company's stock.
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.
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