San Juan Basin Royalty Trust (NYSE:SJT) Major Shareholder Buys $330,222.04 in Stock

San Juan Basin Royalty Trust (NYSE:SJT) major shareholder Eric Oliver acquired 92,759 shares of San Juan Basin Royalty Trust stock in a transaction on Monday, November 9th. The shares were purchased at an average cost of $3.56 per share, with a total value of $330,222.04. Following the completion of the purchase, the insider directly owned 4,683,189 shares of the company’s stock, valued at approximately $16,672,152.84. This represents a 2.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

San Juan Basin Royalty Trust Stock Performance

Shares of NYSE SJT opened at $4.47 on Thursday. The firm has a market cap of $208.35 million, a price-to-earnings ratio of -447.00 and a beta of 0.55. San Juan Basin Royalty Trust has a 52 week low of $2.37 and a 52 week high of $6.55. The business’s 50-day simple moving average is $3.48 and its 200-day simple moving average is $3.91.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

A number of institutional investors have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. grew its position in shares of San Juan Basin Royalty Trust by 34.2% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 939,225 shares of the oil and gas producer’s stock worth $4,518,000 after buying an additional 239,225 shares during the period. Moors & Cabot Inc. lifted its holdings in San Juan Basin Royalty Trust by 39.9% during the third quarter. Moors & Cabot Inc. now owns 1,201,995 shares of the oil and gas producer’s stock worth $4,387,000 after acquiring an additional 342,805 shares during the period. Mad River Investors purchased a new position in San Juan Basin Royalty Trust in the third quarter worth $2,181,000. Lesa Sroufe & Co increased its position in shares of San Juan Basin Royalty Trust by 1.9% during 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 purchasing an additional 11,057 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at $531,000. Institutional investors own 10.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of San Juan Basin Royalty Trust from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust is a grantor trust that owns royalty interests in oil and natural gas properties located in the San Juan Basin of northwestern New Mexico. The trust does not operate wells, develop properties or sell energy products directly; instead, it receives royalty payments from production generated by the underlying properties. The trust’s interests were originally conveyed by Southland Royalty Company, and the properties are operated by third-party energy companies. Revenues are derived primarily from the sale of crude oil, natural gas and related production, with proceeds distributed to the trust’s unitholders after applicable production costs, taxes and administrative expenses.