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

San Juan Basin Royalty Trust (NYSE:SJT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.88 and traded as high as $4.14. San Juan Basin Royalty Trust shares last traded at $4.03, with a volume of 272,101 shares traded.

San Juan Basin Royalty Trust Stock Down 3.1 %

The firm’s 50-day moving average price is $4.02 and its two-hundred day moving average price is $3.88. The firm has a market capitalization of $187.84 million, a PE ratio of 14.93 and a beta of 0.86.

Institutional Trading of San Juan Basin Royalty Trust

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of San Juan Basin Royalty Trust during the third quarter valued at $41,000. International Assets Investment Management LLC boosted its position in San Juan Basin Royalty Trust by 270.0% during the 3rd 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 during the period. Moors & Cabot Inc. grew its stake in San Juan Basin Royalty Trust by 12.0% during the 2nd quarter. Moors & Cabot Inc. now owns 88,400 shares of the oil and gas producer’s stock valued at $359,000 after acquiring an additional 9,450 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in shares of San Juan Basin Royalty Trust by 60.0% in the 3rd quarter. Ingalls & Snyder LLC now owns 55,694 shares of the oil and gas producer’s stock valued at $206,000 after purchasing an additional 20,896 shares during the period. Finally, Meixler Investment Management Ltd. lifted its position in shares of San Juan Basin Royalty Trust by 11.7% in the third quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 3,800 shares in the last quarter. 10.42% of the stock is 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.