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

Shares of San Juan Basin Royalty Trust (NYSE:SJT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.82 and traded as high as $6.09. San Juan Basin Royalty Trust shares last traded at $6.0630, with a volume of 113,048 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, San Juan Basin Royalty Trust has a consensus rating of “Sell”.

San Juan Basin Royalty Trust Price Performance

The company’s 50 day moving average is $5.71 and its 200 day moving average is $5.82.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC grew its position in San Juan Basin Royalty Trust by 0.3% during the second quarter. Ashton Thomas Private Wealth LLC now owns 641,226 shares of the oil and gas producer’s stock worth $3,835,000 after buying an additional 1,983 shares in the last quarter. Greenfield Seitz Capital Management LLC lifted its position in shares of San Juan Basin Royalty Trust by 6.6% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 53,100 shares of the oil and gas producer’s stock valued at $321,000 after acquiring an additional 3,300 shares during the period. Lesa Sroufe & Co grew its holdings in shares of San Juan Basin Royalty Trust by 1.0% during the 3rd quarter. Lesa Sroufe & Co now owns 339,978 shares of the oil and gas producer’s stock worth $2,053,000 after purchasing an additional 3,334 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of San Juan Basin Royalty Trust by 1.3% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 491,900 shares of the oil and gas producer’s stock worth $2,971,000 after purchasing an additional 6,085 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in shares of San Juan Basin Royalty Trust in the second quarter worth $38,000. 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 (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.