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

Shares of San Juan Basin Royalty Trust (NYSE:SJT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.88 and traded as high as $4.14. San Juan Basin Royalty Trust shares last traded at $4.03, with a volume of 272,101 shares trading hands.

San Juan Basin Royalty Trust Price Performance

The firm has a market capitalization of $187.84 million, a P/E ratio of 14.93 and a beta of 0.86. The business’s 50-day moving average is $4.02 and its 200 day moving average is $3.88.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

A number of large investors have recently added to or reduced their stakes in SJT. Mountaineer Partners Management LLC lifted its position in San Juan Basin Royalty Trust by 260.5% during the third quarter. Mountaineer Partners Management LLC now owns 2,660,500 shares of the oil and gas producer’s stock worth $9,844,000 after purchasing an additional 1,922,570 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in shares of San Juan Basin Royalty Trust by 23.2% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 1,291,926 shares of the oil and gas producer’s stock worth $4,780,000 after acquiring an additional 242,871 shares during the period. Virtu Financial LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter worth approximately $150,000. Moors & Cabot Inc. increased its stake in San Juan Basin Royalty Trust by 33.4% in the third quarter. Moors & Cabot Inc. now owns 117,950 shares of the oil and gas producer’s stock valued at $436,000 after acquiring an additional 29,550 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its position in San Juan Basin Royalty Trust by 60.0% during the third quarter. Ingalls & Snyder LLC now owns 55,694 shares of the oil and gas producer’s stock valued at $206,000 after purchasing an additional 20,896 shares in the last quarter. Institutional investors and hedge funds own 10.42% of the company’s stock.

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.