Key Points
- Major shareholder Eric Oliver bought 203,962 SJT shares on November 12 at an average price of $4.41, spending about $899,000. The purchase increased his direct stake by 3.93% to roughly 5.4 million shares.
- SJT shares fell $0.38 on Friday to $3.96. The stock has traded between $2.37 and $6.55 over the past year.
- The stock carries a consensus Sell rating; Weiss Ratings recently lowered its rating from “sell (d)” to “sell (e+).” Institutional investors own 10.42% of shares.
San Juan Basin Royalty Trust (NYSE:SJT - Get Free Report) major shareholder Eric Oliver bought 203,962 shares of the stock in a transaction dated Thursday, November 12th. The stock was purchased at an average cost of $4.41 per share, with a total value of $899,472.42. Following the completion of the purchase, the insider directly owned 5,397,983 shares in the company, valued at approximately $23,805,105.03. This trade represents a 3.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
San Juan Basin Royalty Trust Price Performance
Shares of SJT stock traded down $0.38 on Friday, reaching $3.96. 181,117 shares of the stock were exchanged, compared to its average volume of 238,682. The stock has a market cap of $184.81 million, a PE ratio of -396.50 and a beta of 0.55. San Juan Basin Royalty Trust has a one year low of $2.37 and a one year high of $6.55. The stock has a 50 day moving average price of $3.53 and a 200 day moving average price of $3.89.
San Juan Basin Royalty Trust News Summary
Investors following SJT have been watching these news items:
- Positive Sentiment: Major shareholder Eric L. Oliver bought a reported 807,553 shares from November 9–12 for roughly $3.42 million, increasing his stake. Such substantial purchases may indicate confidence in SJT’s value. SEC filing
- Neutral Sentiment: Institutional investors and hedge funds held 10.42% of shares, with some reported increases in positions. This provides context but does not establish a clear near-term catalyst.
- Negative Sentiment: The article cites a Sell consensus and a Weiss Ratings downgrade from “sell (d)” to “sell (e+).” The downgrade was reported in August, so it is a less recent headwind than Oliver’s purchases. Weiss Ratings
Institutional Investors Weigh In On San Juan Basin Royalty Trust
Institutional investors and hedge funds have recently modified their holdings of the business. Horizon Kinetics Asset Management LLC raised its stake in shares of San Juan Basin Royalty Trust by 5.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 7,924,698 shares of the oil and gas producer's stock worth $28,925,000 after buying an additional 430,678 shares during the last quarter. Moors & Cabot Inc. boosted its stake in San Juan Basin Royalty Trust by 39.9% in the third quarter. Moors & Cabot Inc. now owns 1,201,995 shares of the oil and gas producer's stock valued at $4,387,000 after acquiring an additional 342,805 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in San Juan Basin Royalty Trust by 34.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 939,225 shares of the oil and gas producer's stock valued at $4,518,000 after acquiring an additional 239,225 shares during the last quarter. Mad River Investors bought a new position in San Juan Basin Royalty Trust in the third quarter valued at approximately $2,181,000. Finally, Lesa Sroufe & Co boosted its stake in San Juan Basin Royalty Trust by 1.9% in the third quarter. Lesa Sroufe & Co now owns 592,321 shares of the oil and gas producer's stock valued at $2,162,000 after acquiring an additional 11,057 shares during the last quarter. 10.42% of the stock is owned by institutional investors.
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 equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, San Juan Basin Royalty Trust presently has a consensus rating of "Sell".
View Our Latest Stock Report on SJT
About San Juan Basin Royalty Trust
(
Get Free Report)
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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