San Juan Basin Royalty Trust (NYSE:SJT) Stock: Insider Eric Oliver Acquires 251,227 Shares

San Juan Basin Royalty Trust (NYSE:SJT) major shareholder Eric Oliver bought 251,227 shares of San Juan Basin Royalty Trust stock in a transaction on Wednesday, November 11th. The shares were acquired at an average price of $4.43 per share, for a total transaction of $1,112,935.61. Following the completion of the acquisition, the insider owned 5,194,021 shares in the company, valued at $23,009,513.03. This represents a 5.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

San Juan Basin Royalty Trust Stock Down 8.6%

San Juan Basin Royalty Trust stock traded down $0.38 during mid-day trading on Friday, reaching $3.96. 181,117 shares of the company’s stock were exchanged, compared to its average volume of 239,738. San Juan Basin Royalty Trust has a twelve month low of $2.37 and a twelve month high of $6.55. The company has a market cap of $184.81 million, a P/E ratio of -396.50 and a beta of 0.55. The company has a fifty day moving average of $3.51 and a 200-day moving average of $3.90.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

A number of hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter worth approximately $48,000. EagleClaw Capital Managment LLC purchased a new position in shares of San Juan Basin Royalty Trust in the 3rd quarter valued at $63,000. State of Wyoming grew its position in shares of San Juan Basin Royalty Trust by 73.9% in the 1st quarter. State of Wyoming now owns 36,596 shares of the oil and gas producer’s stock valued at $176,000 after buying an additional 15,552 shares during the last quarter. Atlas Wealth Partners LLC grew its position in shares of San Juan Basin Royalty Trust by 7.7% in the 3rd quarter. Atlas Wealth Partners LLC now owns 43,206 shares of the oil and gas producer’s stock valued at $158,000 after buying an additional 3,100 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in San Juan Basin Royalty Trust during the 3rd quarter worth $284,000. Institutional investors and hedge funds own 10.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut San Juan Basin Royalty Trust from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust is a passive royalty trust that holds interests in oil and natural gas properties in the San Juan Basin of northwestern New Mexico. Its assets are concentrated in producing properties, with natural gas representing a significant part of the underlying production. The trust does not explore for or produce oil and gas itself. Instead, it receives proceeds attributable to its royalty interests, pays trust expenses and distributes available funds to its unitholders. Established in 1980, the trust’s activities are focused on its interests in the San Juan Basin rather than on operating a diversified business or serving customers directly.