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

San Juan Basin Royalty Trust (NYSE:SJT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.97 and traded as high as $6.14. San Juan Basin Royalty Trust shares last traded at $6.08, with a volume of 95,217 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

San Juan Basin Royalty Trust Stock Up 1.7%

The firm has a fifty day moving average price of $5.86 and a 200 day moving average price of $5.97.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

A number of large investors have recently made changes to their positions in SJT. Greenfield Seitz Capital Management LLC grew its position in San Juan Basin Royalty Trust by 6.6% during the third quarter. Greenfield Seitz Capital Management LLC now owns 53,100 shares of the oil and gas producer’s stock worth $321,000 after buying an additional 3,300 shares during the period. Punch & Associates Investment Management Inc. purchased a new position in shares of San Juan Basin Royalty Trust in the third quarter valued at $2,680,000. Moors & Cabot Inc. boosted its position in shares of San Juan Basin Royalty Trust by 115.1% in the 3rd quarter. Moors & Cabot Inc. now owns 607,450 shares of the oil and gas producer’s stock worth $3,669,000 after buying an additional 325,100 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in San Juan Basin Royalty Trust during the 3rd quarter valued at about $131,000. Finally, Financial Sense Advisors Inc. purchased a new stake in shares of San Juan Basin Royalty Trust in the third quarter valued at about $844,000. Hedge funds and other institutional investors own 10.42% of the company’s stock.

About San Juan Basin Royalty Trust

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.