San Juan Basin Royalty Trust (NYSE:SJT) Stock Passes Above 200 Day Moving Average – What’s Next?

San Juan Basin Royalty Trust (NYSE:SJT) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.47 and traded as high as $5.88. San Juan Basin Royalty Trust shares last traded at $5.70, with a volume of 122,437 shares.

San Juan Basin Royalty Trust Stock Performance

The stock has a fifty day simple moving average of $5.18 and a 200-day simple moving average of $4.47. The stock has a market cap of $265.67 million, a P/E ratio of 21.11 and a beta of 0.78.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Cannell Capital LLC boosted its position in San Juan Basin Royalty Trust by 32.0% during the 4th quarter. Cannell Capital LLC now owns 1,830,244 shares of the oil and gas producer’s stock worth $7,010,000 after acquiring an additional 443,604 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of San Juan Basin Royalty Trust by 40.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,814,214 shares of the oil and gas producer’s stock worth $6,948,000 after purchasing an additional 522,288 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in San Juan Basin Royalty Trust during the fourth quarter worth $2,686,000. Principia Wealth Advisory LLC grew its position in San Juan Basin Royalty Trust by 3,003.3% in the first quarter. Principia Wealth Advisory LLC now owns 653,767 shares of the oil and gas producer’s stock valued at $3,354,000 after purchasing an additional 632,700 shares in the last quarter. Finally, Lesa Sroufe & Co acquired a new stake in San Juan Basin Royalty Trust in the 1st quarter valued at $1,771,000. 10.42% of the stock is currently owned by institutional investors.

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.