San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) major shareholder Eric Oliver bought 92,759 shares of the company's stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $3.56 per share, with a total value of $330,222.04. Following the transaction, the insider directly owned 4,683,189 shares in the company, valued at approximately $16,672,152.84. The trade was a 2.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
San Juan Basin Royalty Trust Stock Performance
Shares of San Juan Basin Royalty Trust stock opened at $4.40 on Friday. The firm has a market cap of $205.27 million, a PE ratio of -440.40 and a beta of 0.55. The firm's 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.90. San Juan Basin Royalty Trust has a 1 year low of $2.37 and a 1 year high of $6.55.
Institutional Trading of San Juan Basin Royalty Trust
A number of institutional investors and hedge funds have recently modified their holdings of the business. Atlas Wealth Partners LLC lifted its position in shares of San Juan Basin Royalty Trust by 7.7% in the 3rd quarter. Atlas Wealth Partners LLC now owns 43,206 shares of the oil and gas producer's stock worth $158,000 after buying an additional 3,100 shares during the last quarter. Lesa Sroufe & Co boosted its holdings in shares of San Juan Basin Royalty Trust by 1.9% in the 3rd quarter. Lesa Sroufe & Co now owns 592,321 shares of the oil and gas producer's stock valued at $2,162,000 after buying an additional 11,057 shares during the period. Private Advisor Group LLC acquired a new position in shares of San Juan Basin Royalty Trust in the 3rd quarter valued at about $48,000. State of Wyoming grew its position in shares of San Juan Basin Royalty Trust by 73.9% during the 1st quarter. State of Wyoming now owns 36,596 shares of the oil and gas producer's stock valued at $176,000 after buying an additional 15,552 shares during the last quarter. Finally, EagleClaw Capital Managment LLC bought a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at about $63,000. 10.42% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered San Juan Basin Royalty Trust from a "sell (d)" rating to a "sell (e+)" rating in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of "Sell".
Read Our Latest Stock Report on San Juan Basin Royalty Trust
About San Juan Basin Royalty Trust
(
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San Juan Basin Royalty Trust is a passive royalty trust that holds interests in oil and natural gas properties in the San Juan Basin of northwestern New Mexico. Its assets are concentrated in producing properties, with natural gas representing a significant part of the underlying production. The trust does not explore for or produce oil and gas itself. Instead, it receives proceeds attributable to its royalty interests, pays trust expenses and distributes available funds to its unitholders. Established in 1980, the trust's activities are focused on its interests in the San Juan Basin rather than on operating a diversified business or serving customers directly.
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