San Juan Basin Royalty Trust (NYSE:SJT) Stock Passes Above 200-Day Moving Average – Should You Sell?

San Juan Basin Royalty Trust (NYSE:SJT) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.82 and traded as high as $6.09. San Juan Basin Royalty Trust shares last traded at $6.07, with a volume of 290,262 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

San Juan Basin Royalty Trust Stock Up 0.8%

The firm’s fifty day simple moving average is $5.73 and its 200 day simple moving average is $5.82.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in SJT. Delta Investment Management LLC raised its position in San Juan Basin Royalty Trust by 467.0% during the second quarter. Delta Investment Management LLC now owns 61,868 shares of the oil and gas producer’s stock valued at $369,000 after buying an additional 50,957 shares during the period. Horizon Kinetics Asset Management LLC boosted its position in San Juan Basin Royalty Trust by 86.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 4,594,502 shares of the oil and gas producer’s stock worth $27,475,000 after acquiring an additional 2,124,370 shares during the period. Kingswood Wealth Advisors LLC grew its stake in San Juan Basin Royalty Trust by 74.1% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 485,815 shares of the oil and gas producer’s stock valued at $2,900,000 after acquiring an additional 206,780 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of San Juan Basin Royalty Trust by 371.8% in the 2nd quarter. Moors & Cabot Inc. now owns 282,350 shares of the oil and gas producer’s stock valued at $1,688,000 after purchasing an additional 222,500 shares during the period. Finally, Atlas Wealth Partners LLC lifted its position in shares of San Juan Basin Royalty Trust by 38.5% in the second quarter. Atlas Wealth Partners LLC now owns 33,650 shares of the oil and gas producer’s stock worth $201,000 after purchasing an additional 9,350 shares in the last quarter. 10.42% of the stock is currently owned by hedge funds and other institutional investors.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.