San Juan Basin Royalty Trust (NYSE:SJT) Share Price Passes Above 200 Day Moving Average – Here’s Why

San Juan Basin Royalty Trust (NYSE:SJT) shares 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 $3.90. San Juan Basin Royalty Trust shares last traded at $3.78, with a volume of 339,063 shares changing hands.

San Juan Basin Royalty Trust Price Performance

The company has a fifty day moving average price of $4.04 and a 200 day moving average price of $3.89. The company has a market cap of $176.19 million, a PE ratio of 14.00 and a beta of 0.83.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in 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 worth $27,000 after acquiring an additional 5,400 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in San Juan Basin Royalty Trust during the third quarter valued at about $34,000. Americana Partners LLC purchased a new position in shares of San Juan Basin Royalty Trust in the 3rd quarter worth about $40,000. GSA Capital Partners LLP purchased a new position in shares of San Juan Basin Royalty Trust in the 3rd quarter worth about $41,000. Finally, Atlas Wealth Partners LLC bought a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at about $63,000. Hedge funds and other 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.