San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.79 and traded as high as $5.85. San Juan Basin Royalty Trust shares last traded at $5.76, with a volume of 143,283 shares traded.
San Juan Basin Royalty Trust Trading Up 0.3%
The firm has a 50-day moving average of $5.90 and a 200-day moving average of $5.82.
Hedge Funds Weigh In On San Juan Basin Royalty Trust
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its holdings 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 worth $516,000 after buying an additional 70,475 shares during the period. Financial Sense Advisors Inc. purchased a new stake in San Juan Basin Royalty Trust in the 1st quarter worth approximately $802,000. Bank of America Corp DE lifted its holdings 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 worth $400,000 after buying an additional 47,615 shares during the period. Raymond James Financial Inc. purchased a new stake in San Juan Basin Royalty Trust in the 4th quarter worth approximately $783,000. Finally, Ameriflex Group Inc. purchased a new stake in San Juan Basin Royalty Trust in the 4th quarter worth approximately $226,000. 10.42% of the stock is currently owned by institutional investors.
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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