San Juan Basin Royalty Trust (NYSE:SJT) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of San Juan Basin Royalty Trust (NYSE:SJT) from a sell rating to a hold rating in a report released on Tuesday.

San Juan Basin Royalty Trust Stock Performance

Shares of SJT stock opened at $3.87 on Tuesday. The stock has a fifty day moving average price of $4.01 and a 200 day moving average price of $4.62. The stock has a market cap of $180.38 million, a PE ratio of 9.21 and a beta of 0.86. San Juan Basin Royalty Trust has a 1 year low of $3.59 and a 1 year high of $8.16.

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

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Institutional investors have recently made changes to their positions in the stock. Highlander Capital Management LLC raised its holdings in shares of 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 worth $36,000 after acquiring an additional 2,000 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of San Juan Basin Royalty Trust in the fourth quarter valued at $42,000. Tower Research Capital LLC TRC grew its position in shares of San Juan Basin Royalty Trust by 19,531.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,834 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 8,789 shares during the period. Creekmur Asset Management LLC purchased a new stake in shares of San Juan Basin Royalty Trust in the fourth quarter valued at $68,000. Finally, RPO LLC purchased a new stake in shares of San Juan Basin Royalty Trust in the fourth quarter valued at $78,000. 10.42% of the stock is owned by institutional investors and hedge funds.

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.