San Juan Basin Royalty Trust (NYSE:SJT) shot up 6.9% on Tuesday . The company traded as high as $2.65 and last traded at $2.63, 210,800 shares traded hands during mid-day trading. An increase of 125% from the average session volume of 93,652 shares. The stock had previously closed at $2.46.

The business’s fifty day moving average is $2.39 and its two-hundred day moving average is $2.71.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.0017 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.02 dividend on an annualized basis and a yield of 0.78%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in San Juan Basin Royalty Trust by 2.1% in the 2nd quarter. Wells Fargo & Company MN now owns 253,319 shares of the oil and gas producer’s stock worth $971,000 after acquiring an additional 5,168 shares during the last quarter. Wealthsource Partners LLC raised its holdings in San Juan Basin Royalty Trust by 3.2% in the 3rd quarter. Wealthsource Partners LLC now owns 212,496 shares of the oil and gas producer’s stock worth $642,000 after acquiring an additional 6,572 shares during the last quarter. Baxter Bros Inc. purchased a new position in San Juan Basin Royalty Trust in the 4th quarter worth approximately $155,000. Sunbelt Securities Inc. purchased a new stake in San Juan Basin Royalty Trust during the 3rd quarter valued at $34,000. Finally, BBVA USA Bancshares Inc. purchased a new stake in San Juan Basin Royalty Trust during the 3rd quarter valued at $121,000. Institutional investors own 15.97% of the company’s stock.

About San Juan Basin Royalty Trust (NYSE:SJT)

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the subject interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 828.1 net wells.

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