Weiss Ratings Reiterates “Sell (D)” Rating for San Juan Basin Royalty Trust (NYSE:SJT)

San Juan Basin Royalty Trust (NYSE:SJT)‘s stock had its “sell (d)” rating reissued by stock analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

San Juan Basin Royalty Trust Price Performance

SJT opened at $5.46 on Friday. San Juan Basin Royalty Trust has a 1-year low of $3.66 and a 1-year high of $7.22. The business has a 50 day moving average of $5.84 and a 200-day moving average of $6.00.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Several hedge funds have recently modified their holdings of the business. Lesa Sroufe & Co boosted its position in shares of San Juan Basin Royalty Trust by 1.0% in the third quarter. Lesa Sroufe & Co now owns 339,978 shares of the oil and gas producer’s stock valued at $2,053,000 after acquiring an additional 3,334 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of San Juan Basin Royalty Trust by 1.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 491,900 shares of the oil and gas producer’s stock valued at $2,971,000 after acquiring an additional 6,085 shares during the period. Corient Private Wealth LLC bought a new stake in shares of San Juan Basin Royalty Trust in the second quarter valued at approximately $181,000. Advisory Services Network LLC lifted its position in San Juan Basin Royalty Trust by 392.2% in the second quarter. Advisory Services Network LLC now owns 237,397 shares of the oil and gas producer’s stock worth $1,436,000 after purchasing an additional 189,170 shares during the period. Finally, Raymond James Financial Inc. lifted its position in San Juan Basin Royalty Trust by 13.6% in the second quarter. Raymond James Financial Inc. now owns 338,062 shares of the oil and gas producer’s stock worth $2,022,000 after purchasing an additional 40,363 shares during the period. 10.42% of the stock is owned by institutional investors.

San Juan Basin Royalty Trust Company Profile

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.