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

San Juan Basin Royalty Trust (NYSE:SJT) crossed 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 $4.23. San Juan Basin Royalty Trust shares last traded at $4.14, with a volume of 195,016 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

San Juan Basin Royalty Trust Stock Up 1.9 %

The company’s 50 day moving average price is $4.05 and its two-hundred day moving average price is $3.89.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Several hedge funds have recently bought and sold shares of SJT. International Assets Investment Management LLC boosted its holdings in shares of San Juan Basin Royalty Trust by 270.0% in 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 bought a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter worth $34,000. Americana Partners LLC bought a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter worth $40,000. GSA Capital Partners LLP purchased a new position in shares of San Juan Basin Royalty Trust during the third quarter valued at $41,000. Finally, Atlas Wealth Partners LLC purchased a new stake in San Juan Basin Royalty Trust in the third quarter worth about $63,000. Institutional investors 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.