San Juan Basin Royalty Trust (NYSE:SJT) Stock: Insider Eric Oliver Acquires 251,227 Shares

San Juan Basin Royalty Trust (NYSE:SJT) major shareholder Eric Oliver acquired 251,227 shares of the business’s stock in a transaction on Wednesday, November 11th. The shares were bought at an average price of $4.43 per share, with a total value of $1,112,935.61. Following the completion of the transaction, the insider directly owned 5,194,021 shares of the company’s stock, valued at approximately $23,009,513.03. The trade was a 5.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

San Juan Basin Royalty Trust Trading Down 8.6%

Shares of NYSE:SJT traded down $0.38 during trading on Friday, reaching $3.96. 181,117 shares of the stock were exchanged, compared to its average volume of 238,682. San Juan Basin Royalty Trust has a 12 month low of $2.37 and a 12 month high of $6.55. The firm has a market cap of $184.81 million, a PE ratio of -396.50 and a beta of 0.55. The stock has a 50-day moving average price of $3.53 and a 200-day moving average price of $3.89.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded San Juan Basin Royalty Trust from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Trending Headlines about San Juan Basin Royalty Trust

Here are a few of the latest headlines about SJT:

• Positive Sentiment: Major shareholder Eric L. Oliver bought a reported 807,553 shares from November 9–12 for roughly $3.42 million, increasing his stake. Such substantial purchases may indicate confidence in SJT’s value. SEC filing
• Neutral Sentiment: Institutional investors and hedge funds held 10.42% of shares, with some reported increases in positions. This provides context but does not establish a clear near-term catalyst.
• Negative Sentiment: The article cites a Sell consensus and a Weiss Ratings downgrade from “sell (d)” to “sell (e+).” The downgrade was reported in August, so it is a less recent headwind than Oliver’s purchases. Weiss Ratings

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC bought a new position in San Juan Basin Royalty Trust during the 3rd quarter worth $48,000. Steward Partners Investment Advisory LLC raised its holdings in San Juan Basin Royalty Trust by 863.9% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 16,020 shares of the oil and gas producer’s stock valued at $58,000 after acquiring an additional 14,358 shares in the last quarter. EagleClaw Capital Managment LLC acquired a new position in San Juan Basin Royalty Trust in the 3rd quarter valued at $63,000. Atlas Wealth Partners LLC raised its holdings in San Juan Basin Royalty Trust by 7.7% in the 3rd quarter. Atlas Wealth Partners LLC now owns 43,206 shares of the oil and gas producer’s stock valued at $158,000 after acquiring an additional 3,100 shares in the last quarter. Finally, State of Wyoming raised its holdings in San Juan Basin Royalty Trust by 73.9% in the 1st quarter. State of Wyoming now owns 36,596 shares of the oil and gas producer’s stock valued at $176,000 after acquiring an additional 15,552 shares in the last quarter. 10.42% of the stock is currently owned by institutional investors.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust is a passive royalty trust that holds interests in oil and natural gas properties in the San Juan Basin of northwestern New Mexico. Its assets are concentrated in producing properties, with natural gas representing a significant part of the underlying production. The trust does not explore for or produce oil and gas itself. Instead, it receives proceeds attributable to its royalty interests, pays trust expenses and distributes available funds to its unitholders. Established in 1980, the trust’s activities are focused on its interests in the San Juan Basin rather than on operating a diversified business or serving customers directly.