San Juan Basin Royalty Trust (NYSE:SJT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of San Juan Basin Royalty Trust (NYSE:SJT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.82 and traded as high as $6.09. San Juan Basin Royalty Trust shares last traded at $6.07, with a volume of 290,262 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

San Juan Basin Royalty Trust Stock Performance

The firm has a 50 day moving average price of $5.73 and a two-hundred day moving average price of $5.82.

Institutional Trading of San Juan Basin Royalty Trust

Hedge funds have recently made changes to their positions in the stock. Financial Gravity Companies Inc. acquired a new stake in San Juan Basin Royalty Trust in the second quarter valued at $38,000. Ameriflex Group Inc. acquired a new position in San Juan Basin Royalty Trust in the third quarter worth about $42,000. Intrepid Family Office LLC acquired a new position in San Juan Basin Royalty Trust in the second quarter worth about $63,000. V Square Quantitative Management LLC bought a new stake in San Juan Basin Royalty Trust in the fourth quarter valued at about $64,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in San Juan Basin Royalty Trust during the third quarter valued at approximately $91,000. Institutional investors and hedge funds own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.