San Juan Basin Royalty Trust (NYSE:SJT) Announces Monthly Dividend of $0.02

San Juan Basin Royalty Trust (NYSE:SJT) declared a monthly dividend on Friday, April 19th, investing.com reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.0229 per share by the oil and gas producer on Tuesday, May 14th. This represents a $0.27 annualized dividend and a yield of 6.02%. The ex-dividend date is Monday, April 29th.

San Juan Basin Royalty Trust Trading Up 0.9 %

NYSE SJT opened at $4.56 on Friday. San Juan Basin Royalty Trust has a 1-year low of $4.37 and a 1-year high of $9.60. The company has a market capitalization of $212.54 million, a price-to-earnings ratio of 4.15 and a beta of 0.77. The stock’s 50 day moving average is $5.25 and its two-hundred day moving average is $5.85.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Several large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in San Juan Basin Royalty Trust by 56,762.8% during the first quarter. BNP Paribas Arbitrage SA now owns 252,471 shares of the oil and gas producer’s stock worth $2,214,000 after buying an additional 252,027 shares during the last quarter. UBS Group AG boosted its holdings in shares of San Juan Basin Royalty Trust by 198.9% in the 1st quarter. UBS Group AG now owns 208,562 shares of the oil and gas producer’s stock worth $2,194,000 after acquiring an additional 138,777 shares in the last quarter. Beacon Pointe Advisors LLC grew its position in San Juan Basin Royalty Trust by 772.0% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 139,521 shares of the oil and gas producer’s stock worth $1,037,000 after acquiring an additional 123,521 shares during the last quarter. Two Sigma Investments LP grew its position in San Juan Basin Royalty Trust by 141.4% during the 4th quarter. Two Sigma Investments LP now owns 134,709 shares of the oil and gas producer’s stock worth $1,538,000 after acquiring an additional 78,913 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in San Juan Basin Royalty Trust by 44.3% during the 4th quarter. Wells Fargo & Company MN now owns 181,891 shares of the oil and gas producer’s stock valued at $2,077,000 after purchasing an additional 55,800 shares in the last quarter. Institutional investors own 10.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research note on Monday, February 12th.

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.