StockNews.com Lowers San Juan Basin Royalty Trust (NYSE:SJT) to Sell

StockNews.com lowered shares of San Juan Basin Royalty Trust (NYSE:SJT) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

San Juan Basin Royalty Trust Price Performance

Shares of San Juan Basin Royalty Trust stock opened at $4.01 on Friday. The firm has a market cap of $186.67 million, a price-to-earnings ratio of 9.54 and a beta of 0.86. San Juan Basin Royalty Trust has a one year low of $3.59 and a one year high of $8.21. The stock’s 50-day moving average is $4.14 and its 200-day moving average is $4.82.

San Juan Basin Royalty Trust (NYSE:SJT) last released its quarterly earnings results on Tuesday, May 14th. The oil and gas producer reported $0.09 earnings per share for the quarter. San Juan Basin Royalty Trust had a return on equity of 715.03% and a net margin of 89.64%. The firm had revenue of $5.11 million during the quarter.

San Juan Basin Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.0229 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.27 annualized dividend and a yield of 6.85%. San Juan Basin Royalty Trust’s dividend payout ratio (DPR) is presently 64.29%.

Institutional Trading of San Juan Basin Royalty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Highlander Capital Management LLC lifted its stake in San Juan Basin Royalty Trust by 40.0% in the fourth quarter. Highlander Capital Management LLC now owns 7,000 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 2,000 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in San Juan Basin Royalty Trust by 8.4% during the first quarter. Meixler Investment Management Ltd. now owns 30,800 shares of the oil and gas producer’s stock worth $163,000 after purchasing an additional 2,395 shares during the period. Waverly Advisors LLC increased its position in San Juan Basin Royalty Trust by 7.5% during the third quarter. Waverly Advisors LLC now owns 43,250 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 3,000 shares during the last quarter. Wealthsource Partners LLC raised its stake in San Juan Basin Royalty Trust by 1.3% in the fourth quarter. Wealthsource Partners LLC now owns 513,588 shares of the oil and gas producer’s stock valued at $2,609,000 after buying an additional 6,450 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of San Juan Basin Royalty Trust by 33.5% in the fourth quarter. International Assets Investment Management LLC now owns 27,153 shares of the oil and gas producer’s stock valued at $138,000 after buying an additional 6,808 shares during the last quarter. Institutional investors and hedge funds own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Company Profile

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.