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

San Juan Basin Royalty Trust (NYSE:SJT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.95 and traded as high as $4.00. San Juan Basin Royalty Trust shares last traded at $3.90, with a volume of 212,205 shares changing hands.

Wall Street Analyst Weigh In

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

San Juan Basin Royalty Trust Stock Down 2.9 %

The business’s fifty day moving average is $3.72 and its two-hundred day moving average is $3.95.

San Juan Basin Royalty Trust (NYSE:SJT) last announced its quarterly earnings data on Wednesday, August 14th. The oil and gas producer reported $0.02 EPS for the quarter. The firm had revenue of $1.89 million for 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. lifted its position in San Juan Basin Royalty Trust by 8.4% during the 1st quarter. Meixler Investment Management Ltd. now owns 30,800 shares of the oil and gas producer’s stock valued at $163,000 after purchasing an additional 2,395 shares during the period. International Assets Investment Management LLC raised its stake in shares of San Juan Basin Royalty Trust by 270.0% during 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 buying an additional 5,400 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in San Juan Basin Royalty Trust by 12.0% in the second quarter. Moors & Cabot Inc. now owns 88,400 shares of the oil and gas producer’s stock valued at $359,000 after buying an additional 9,450 shares during the period. Mraz Amerine & Associates Inc. boosted its stake in San Juan Basin Royalty Trust by 5.3% in 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. Finally, Americana Partners LLC bought a new position in San Juan Basin Royalty Trust in the third quarter valued at approximately $40,000. 10.42% of the stock is currently owned by institutional investors and hedge funds.

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.