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

San Juan Basin Royalty Trust (NYSE:SJT)’s share price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $3.92 and traded as high as $4.31. San Juan Basin Royalty Trust shares last traded at $4.2650, with a volume of 660,201 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of San Juan Basin Royalty Trust from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, San Juan Basin Royalty Trust presently has an average rating of “Sell”.

San Juan Basin Royalty Trust Stock Down 1.7%

The firm has a market capitalization of $205.27 million, a price-to-earnings ratio of -440.40 and a beta of 0.55. The company has a 50-day moving average price of $3.48 and a 200-day moving average price of $3.91.

Insider Activity

In other San Juan Basin Royalty Trust news, major shareholder Eric L. Oliver purchased 259,605 shares of the stock in a transaction dated Tuesday, November 10th. The shares were bought at an average cost of $4.14 per share, with a total value of $1,074,764.70. Following the completion of the acquisition, the insider owned 4,942,794 shares of the company’s stock, valued at approximately $20,463,167.16. This trade represents a 5.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mad River Investors bought a new position in San Juan Basin Royalty Trust in the 3rd quarter valued at about $2,181,000. Horizon Kinetics Asset Management LLC increased its stake in San Juan Basin Royalty Trust by 5.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 7,924,698 shares of the oil and gas producer’s stock valued at $28,925,000 after buying an additional 430,678 shares during the period. Moors & Cabot Inc. increased its stake in San Juan Basin Royalty Trust by 39.9% during the 3rd quarter. Moors & Cabot Inc. now owns 1,201,995 shares of the oil and gas producer’s stock valued at $4,387,000 after buying an additional 342,805 shares during the period. Punch & Associates Investment Management Inc. increased its stake in San Juan Basin Royalty Trust by 34.2% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 939,225 shares of the oil and gas producer’s stock valued at $4,518,000 after buying an additional 239,225 shares during the period. Finally, State of Wyoming bought a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter worth about $531,000. 10.42% of the stock is currently owned by institutional investors.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust is a grantor trust that owns royalty interests in oil and natural gas properties located in the San Juan Basin of northwestern New Mexico. The trust does not operate wells, develop properties or sell energy products directly; instead, it receives royalty payments from production generated by the underlying properties. The trust’s interests were originally conveyed by Southland Royalty Company, and the properties are operated by third-party energy companies. Revenues are derived primarily from the sale of crude oil, natural gas and related production, with proceeds distributed to the trust’s unitholders after applicable production costs, taxes and administrative expenses.