San Juan Basin Royalty Trust (NYSE:SJT) Share Price Passes Above 200-Day Moving Average – Time to Sell?

San Juan Basin Royalty Trust (NYSE:SJT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.82 and traded as high as $6.09. San Juan Basin Royalty Trust shares last traded at $6.07, with a volume of 290,262 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, San Juan Basin Royalty Trust currently has a consensus rating of “Sell”.

San Juan Basin Royalty Trust Stock Performance

The firm has a fifty day simple moving average of $5.73 and a two-hundred day simple moving average of $5.81.

Institutional Trading of San Juan Basin Royalty Trust

A number of hedge funds have recently added to or reduced their stakes in SJT. Delta Investment Management LLC grew its stake in San Juan Basin Royalty Trust by 7.1% in the fourth quarter. Delta Investment Management LLC now owns 64,565 shares of the oil and gas producer’s stock valued at $363,000 after purchasing an additional 4,257 shares during the last quarter. Pekin Hardy Strauss Inc. grew its holdings in shares of San Juan Basin Royalty Trust by 258.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 53,750 shares of the oil and gas producer’s stock valued at $302,000 after buying an additional 38,750 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of San Juan Basin Royalty Trust by 20.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 770,224 shares of the oil and gas producer’s stock valued at $4,329,000 after purchasing an additional 132,517 shares during the period. Key Client Fiduciary Advisors LLC acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter worth about $167,000. Finally, Atlas Wealth Partners LLC increased its holdings in San Juan Basin Royalty Trust by 15.7% in the fourth quarter. Atlas Wealth Partners LLC now owns 40,656 shares of the oil and gas producer’s stock valued at $228,000 after buying an additional 5,506 shares in the last quarter. 10.42% of the stock is owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.