San Juan Basin Royalty Trust (NYSE:SJT) Stock Price Passes Above 200-Day Moving Average – Here’s Why

San Juan Basin Royalty Trust (NYSE:SJT) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 Stock Performance

The stock has a market capitalization of $257.75 million, a PE ratio of 20.48 and a beta of 0.84. The stock has a 50-day moving average price of $4.78 and a two-hundred day moving average price of $4.27.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Pecaut & CO. bought a new stake in San Juan Basin Royalty Trust during the fourth quarter valued at about $38,000. Mariner LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth about $40,000. Oxbow Advisors LLC purchased a new position in San Juan Basin Royalty Trust in the 4th quarter worth approximately $43,000. Rahlfs Capital LLC bought a new position in San Juan Basin Royalty Trust in the 4th quarter worth approximately $44,000. Finally, Morse Asset Management Inc purchased a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at approximately $66,000. Institutional investors own 10.42% of the company’s stock.

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.