San Juan Basin Royalty Trust (NYSE:SJT) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of San Juan Basin Royalty Trust (NYSE:SJT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.24 and traded as high as $6.10. San Juan Basin Royalty Trust shares last traded at $5.85, with a volume of 251,197 shares.

San Juan Basin Royalty Trust Price Performance

The firm has a market cap of $272.67 million, a PE ratio of 292.65 and a beta of 0.69. The stock has a 50-day moving average price of $6.32 and a 200 day moving average price of $5.24.

Institutional Trading of San Juan Basin Royalty Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Pingora Partners LLC increased its position in San Juan Basin Royalty Trust by 0.8% during the fourth quarter. Pingora Partners LLC now owns 279,688 shares of the oil and gas producer’s stock worth $1,071,000 after purchasing an additional 2,300 shares during the last quarter. Atlas Wealth Partners LLC grew its stake in shares of San Juan Basin Royalty Trust by 21.2% during the 1st quarter. Atlas Wealth Partners LLC now owns 24,300 shares of the oil and gas producer’s stock valued at $134,000 after buying an additional 4,250 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of San Juan Basin Royalty Trust during the 1st quarter valued at $35,000. Pecaut & CO. acquired a new stake in shares of San Juan Basin Royalty Trust during the 4th quarter worth $38,000. Finally, Mariner LLC purchased a new position in shares of San Juan Basin Royalty Trust in the 4th quarter worth $40,000. 10.42% of the stock is owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Company Profile

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.