San Juan Basin Royalty Trust (NYSE:SJT) Upgraded at StockNews.com

StockNews.com upgraded shares of San Juan Basin Royalty Trust (NYSE:SJTFree Report) from a sell rating to a hold rating in a research note published on Thursday morning.

San Juan Basin Royalty Trust Price Performance

SJT opened at $3.78 on Thursday. The company has a market capitalization of $176.19 million, a P/E ratio of 9.00 and a beta of 0.82. The firm’s fifty day moving average price is $4.22 and its two-hundred day moving average price is $4.91. San Juan Basin Royalty Trust has a fifty-two week low of $3.59 and a fifty-two week high of $8.21.

San Juan Basin Royalty Trust (NYSE:SJTGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The oil and gas producer reported $0.09 EPS for the quarter. San Juan Basin Royalty Trust had a return on equity of 715.03% and a net margin of 89.64%. The business had revenue of $5.11 million for the quarter.

San Juan Basin Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were issued a dividend of $0.0229 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.27 dividend on an annualized basis and a yield of 7.26%. San Juan Basin Royalty Trust’s dividend payout ratio is 64.29%.

Institutional Trading of San Juan Basin Royalty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Highlander Capital Management LLC increased 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 valued at $36,000 after purchasing an additional 2,000 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC raised its stake in shares of San Juan Basin Royalty Trust by 19,531.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,834 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 8,789 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in San Juan Basin Royalty Trust in the fourth quarter valued at approximately $68,000. Finally, RPO LLC bought a new position in San Juan Basin Royalty Trust in the fourth quarter valued at approximately $78,000. 10.42% of the stock is currently owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Company Profile

(Get Free Report)

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.

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