San Juan Basin Royalty Trust (NYSE:SJT) Stock: Insider Eric Oliver Acquires 203,962 Shares

San Juan Basin Royalty Trust (NYSE:SJT) major shareholder Eric Oliver acquired 203,962 shares of the company’s stock in a transaction dated Thursday, November 12th. The shares were bought at an average cost of $4.41 per share, with a total value of $899,472.42. Following the purchase, the insider owned 5,397,983 shares of the company’s stock, valued at approximately $23,805,105.03. This trade represents a 3.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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%

Shares of San Juan Basin Royalty Trust stock traded down $0.38 on Friday, hitting $3.96. The stock had a trading volume of 181,117 shares, compared to its average volume of 238,682. San Juan Basin Royalty Trust has a one year low of $2.37 and a one year high of $6.55. The stock has a market cap of $184.81 million, a price-to-earnings ratio of -396.50 and a beta of 0.55. The stock’s 50-day simple moving average is $3.53 and its two-hundred day simple moving average is $3.89.

Trending Headlines about San Juan Basin Royalty Trust

These are some of the SJT headlines that stood out recently:

• Positive Sentiment: Major shareholder Eric L. Oliver bought a reported 807,553 shares from November 9–12 for roughly $3.42 million, increasing his stake. Such substantial purchases may indicate confidence in SJT’s value. SEC filing
• Neutral Sentiment: Institutional investors and hedge funds held 10.42% of shares, with some reported increases in positions. This provides context but does not establish a clear near-term catalyst.
• Negative Sentiment: The article cites a Sell consensus and a Weiss Ratings downgrade from “sell (d)” to “sell (e+).” The downgrade was reported in August, so it is a less recent headwind than Oliver’s purchases. Weiss Ratings

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mad River Investors purchased a new stake in San Juan Basin Royalty Trust in the 3rd quarter worth approximately $2,181,000. Punch & Associates Investment Management Inc. grew its position in shares of San Juan Basin Royalty Trust by 34.2% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 939,225 shares of the oil and gas producer’s stock worth $4,518,000 after buying an additional 239,225 shares during the last quarter. State of Wyoming increased its stake in shares of San Juan Basin Royalty Trust by 73.9% during the first 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 period. Steward Partners Investment Advisory LLC increased its stake in shares of San Juan Basin Royalty Trust by 863.9% during the third quarter. Steward Partners Investment Advisory LLC now owns 16,020 shares of the oil and gas producer’s stock valued at $58,000 after buying an additional 14,358 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its holdings in shares of San Juan Basin Royalty Trust by 5.7% during the third 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 acquiring an additional 430,678 shares in the last quarter. Institutional investors own 10.42% of the company’s stock.

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.