San Juan Basin Royalty Trust (NYSE:SJT) Short Interest Update

San Juan Basin Royalty Trust (NYSE:SJTGet Rating) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 296,400 shares, an increase of 41.3% from the April 30th total of 209,800 shares. Based on an average daily trading volume, of 873,900 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s shares are short sold.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SJT. HighTower Advisors LLC lifted its position in shares of San Juan Basin Royalty Trust by 0.4% during the first quarter. HighTower Advisors LLC now owns 242,876 shares of the oil and gas producer’s stock worth $2,116,000 after purchasing an additional 1,006 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of San Juan Basin Royalty Trust by 6.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,267 shares of the oil and gas producer’s stock worth $166,000 after purchasing an additional 1,613 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of San Juan Basin Royalty Trust by 18.1% during the third quarter. Captrust Financial Advisors now owns 13,047 shares of the oil and gas producer’s stock worth $67,000 after purchasing an additional 2,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of San Juan Basin Royalty Trust by 10.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,748 shares of the oil and gas producer’s stock worth $208,000 after purchasing an additional 2,307 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in San Juan Basin Royalty Trust in the first quarter valued at $35,000.

San Juan Basin Royalty Trust stock opened at $12.90 on Monday. San Juan Basin Royalty Trust has a 1 year low of $3.75 and a 1 year high of $13.30. The firm has a 50 day moving average price of $10.17 and a 200 day moving average price of $7.90.

San Juan Basin Royalty Trust (NYSE:SJTGet Rating) last released its quarterly earnings data on Monday, May 16th. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter. San Juan Basin Royalty Trust had a net margin of 96.13% and a return on equity of 1,096.01%. The company had revenue of $14.89 million during the quarter.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $0.092 per share. This is an increase from San Juan Basin Royalty Trust’s previous monthly dividend of $0.08. This represents a $1.10 annualized dividend and a yield of 8.56%. The ex-dividend date is Friday, May 27th.

Separately, StockNews.com assumed coverage on shares of San Juan Basin Royalty Trust in a report on Thursday, March 31st. They set a “hold” rating for the company.

About San Juan Basin Royalty Trust (Get Rating)

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 1,140.0 net wells.

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