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

San Juan Basin Royalty Trust (NYSE:SJT) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.26 and traded as high as $5.59. San Juan Basin Royalty Trust shares last traded at $5.53, with a volume of 135,579 shares traded.

San Juan Basin Royalty Trust Price Performance

The firm’s 50 day moving average is $4.78 and its 200 day moving average is $4.26. The company has a market capitalization of $257.75 million, a PE ratio of 20.48 and a beta of 0.84.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Large investors have recently made changes to their positions in the business. Pecaut & CO. purchased a new stake in San Juan Basin Royalty Trust in the fourth quarter worth $38,000. Mariner LLC purchased a new stake in shares of San Juan Basin Royalty Trust in the 4th quarter worth about $40,000. Oxbow Advisors LLC bought a new stake in shares of San Juan Basin Royalty Trust during the 4th quarter valued at about $43,000. Rahlfs Capital LLC purchased a new position in shares of San Juan Basin Royalty Trust during the fourth quarter valued at about $44,000. Finally, Morse Asset Management Inc bought a new position in San Juan Basin Royalty Trust in the fourth quarter worth about $66,000. 10.42% of the stock is currently owned by institutional investors.

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.