Stocks of San Juan Basin Royalty Trust (NYSE:SJT) traded higher last session on Wall Street, up 1.03% to $7.51.
SJT stock price is now -6.08% away from the 50-day moving average and -24.86% away from the 200-day moving average. The market capitalization of the company currently stands at $342.76M.
With the price target reduced from $25.50 to $17.50, Citigroup Upgraded its rating from Sell to Hold for San Juan Basin Royalty Trust (NYSE: SJT).
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SJT stock. A new stake in San Juan Basin Royalty Trust shares was purchased by MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. during the first quarter worth $9,944,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $1,393,000 in shares of SJT during the first quarter. In the first quarter, LPL FINANCIAL LLC acquired a new stake in San Juan Basin Royalty Trust valued at approximately $466,000. JENKINS WEALTH acquired a new stake in SJT for approximately $449,000. ALPINE WOODS CAPITAL INVESTORS, LLC purchased a new stake in SJT valued at around $319,000 in the second quarter. In total, there are 105 active investors with 14.20% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $7.44 for San Juan Basin Royalty Trust (NYSE: SJT). During the past 12 months, San Juan Basin Royalty Trust has had a low of $6.64 and a high of $15.43. The fifty day moving average price for SJT is $7.99 and a two-hundred day moving average price translates $9.99 for the stock.
The latest earnings results from San Juan Basin Royalty Trust (NYSE: SJT) was released for Mar, 2023. The company reported revenue of $36.45 million for the quarter, compared to $14.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 144.81 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.016987 dividend. On an annualized basis, this represents a $2.02 dividend and a 26.86% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend.
San Juan Basin Royalty Trust(SJT) Company Profile
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of 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, as well as 825.6 net wells. BBVA USA serves as the trustee of the San Juan Basin Royalty Trust. The company was founded in 1980 and is based in Houston, Texas.
