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

San Juan Basin Royalty Trust (NYSE:SJT)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.89 and traded as high as $3.90. San Juan Basin Royalty Trust shares last traded at $3.78, with a volume of 339,063 shares changing hands.

San Juan Basin Royalty Trust Trading Down 3.2 %

The company has a market cap of $170.59 million, a P/E ratio of 13.56 and a beta of 0.83. The company’s fifty day moving average is $4.04 and its 200 day moving average is $3.88.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

A number of large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of San Juan Basin Royalty Trust by 270.0% during the third quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 5,400 shares during the period. Prospera Private Wealth LLC purchased a new stake in San Juan Basin Royalty Trust during the 3rd quarter valued at $34,000. Americana Partners LLC bought a new stake in San Juan Basin Royalty Trust in the 3rd quarter worth $40,000. GSA Capital Partners LLP purchased a new position in shares of San Juan Basin Royalty Trust in the third quarter valued at about $41,000. Finally, Atlas Wealth Partners LLC bought a new position in shares of San Juan Basin Royalty Trust during the third quarter valued at about $63,000. 10.42% of the stock is owned by hedge funds and other institutional investors.

About San Juan Basin Royalty Trust

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.