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

San Juan Basin Royalty Trust (NYSE:SJT) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.05 and traded as high as $4.21. San Juan Basin Royalty Trust shares last traded at $4.10, with a volume of 126,941 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

San Juan Basin Royalty Trust Price Performance

The business’s 50-day moving average is $3.63 and its 200 day moving average is $4.05.

San Juan Basin Royalty Trust (NYSE:SJT) last released its earnings results on Wednesday, August 14th. The oil and gas producer reported $0.02 earnings per share for the quarter. The company had revenue of $1.89 million during the quarter. San Juan Basin Royalty Trust had a return on equity of 466.64% and a net margin of 82.97%.

Institutional Trading of San Juan Basin Royalty Trust

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in San Juan Basin Royalty Trust during the 1st quarter valued at $7,061,000. Lesa Sroufe & Co purchased a new position in shares of San Juan Basin Royalty Trust in the second quarter valued at about $1,099,000. Mraz Amerine & Associates Inc. raised its stake in shares of San Juan Basin Royalty Trust by 5.3% during the second quarter. Mraz Amerine & Associates Inc. now owns 206,566 shares of the oil and gas producer’s stock valued at $835,000 after acquiring an additional 10,457 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of San Juan Basin Royalty Trust by 12.0% during the second quarter. Moors & Cabot Inc. now owns 88,400 shares of the oil and gas producer’s stock worth $359,000 after purchasing an additional 9,450 shares during the period. Finally, Virtu Financial LLC grew its stake in shares of San Juan Basin Royalty Trust by 140.3% in the fourth quarter. Virtu Financial LLC now owns 45,960 shares of the oil and gas producer’s stock worth $233,000 after purchasing an additional 26,836 shares during the last quarter. 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.