Short Interest in San Juan Basin Royalty Trust (NYSE:SJT) Drops By 14.2%

San Juan Basin Royalty Trust (NYSE:SJT) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 661,100 shares, a drop of 14.2% from the March 31st total of 770,700 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 319,300 shares, the days-to-cover ratio is currently 2.1 days.

San Juan Basin Royalty Trust Price Performance

Shares of San Juan Basin Royalty Trust stock opened at $4.28 on Monday. The business has a 50 day simple moving average of $5.21 and a two-hundred day simple moving average of $5.74. San Juan Basin Royalty Trust has a 12 month low of $4.01 and a 12 month high of $8.65. The stock has a market capitalization of $199.49 million, a P/E ratio of 3.89 and a beta of 0.77.

San Juan Basin Royalty Trust (NYSE:SJT) last issued its quarterly earnings data on Monday, April 1st. The oil and gas producer reported $0.08 earnings per share for the quarter. San Juan Basin Royalty Trust had a return on equity of 1,842.90% and a net margin of 96.72%. The company had revenue of $4.01 million during the quarter.

San Juan Basin Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a $0.0229 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.27 dividend on an annualized basis and a yield of 6.41%. San Juan Basin Royalty Trust’s dividend payout ratio (DPR) is presently 24.55%.

Analyst Ratings Changes

Separately, TheStreet lowered San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research report on Monday, February 12th.

Institutional Trading of San Juan Basin Royalty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of SJT. Significant Wealth Partners LLC purchased a new stake in San Juan Basin Royalty Trust in the 4th quarter valued at approximately $2,964,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of San Juan Basin Royalty Trust by 22.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 125,756 shares of the oil and gas producer’s stock worth $639,000 after buying an additional 22,792 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of San Juan Basin Royalty Trust by 72.8% during the 3rd quarter. Alps Advisors Inc. now owns 50,874 shares of the oil and gas producer’s stock worth $353,000 after buying an additional 21,436 shares during the last quarter. Wealthsource Partners LLC increased its holdings in shares of San Juan Basin Royalty Trust by 1.3% during the 4th quarter. Wealthsource Partners LLC now owns 513,588 shares of the oil and gas producer’s stock worth $2,609,000 after buying an additional 6,450 shares during the last quarter. Finally, PFG Investments LLC boosted its position in San Juan Basin Royalty Trust by 14.1% during the 3rd quarter. PFG Investments LLC now owns 25,155 shares of the oil and gas producer’s stock worth $174,000 after purchasing an additional 3,100 shares during the period. 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.