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

San Juan Basin Royalty Trust (NYSE:SJT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.92 and traded as high as $3.99. San Juan Basin Royalty Trust shares last traded at $3.94, with a volume of 250,479 shares changing hands.

San Juan Basin Royalty Trust Stock Up 4.2 %

The firm has a market capitalization of $183.50 million, a PE ratio of 14.58 and a beta of 0.86. The business’s 50-day moving average price is $4.14 and its 200-day moving average price is $3.92.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC increased its stake in shares of San Juan Basin Royalty Trust by 260.5% in 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 acquiring an additional 1,922,570 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in San Juan Basin Royalty Trust in the 4th quarter worth about $2,686,000. Horizon Kinetics Asset Management LLC raised its stake 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 purchasing an additional 242,871 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of San Juan Basin Royalty Trust during the 4th quarter valued at about $783,000. Finally, Moors & Cabot Inc. grew its stake in shares of San Juan Basin Royalty Trust by 75.3% in the 4th quarter. Moors & Cabot Inc. now owns 206,750 shares of the oil and gas producer’s stock valued at $792,000 after buying an additional 88,800 shares in the last quarter. Hedge funds and other institutional investors own 10.42% of the company’s stock.

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.