San Juan Basin Royalty Trust (NYSE:SJT) Major Shareholder Eric Oliver Buys 92,759 Shares of Stock

San Juan Basin Royalty Trust (NYSE:SJT) major shareholder Eric Oliver bought 92,759 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average price of $3.56 per share, for a total transaction of $330,222.04. Following the completion of the acquisition, the insider owned 4,683,189 shares in the company, valued at approximately $16,672,152.84. This trade represents a 2.02% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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

San Juan Basin Royalty Trust stock opened at $4.40 on Friday. The firm has a market capitalization of $205.27 million, a PE ratio of -440.40 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’s 50 day moving average price is $3.51 and its 200 day moving average price is $3.90.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Private Advisor Group LLC purchased a new stake in San Juan Basin Royalty Trust during the 3rd quarter worth approximately $48,000. EagleClaw Capital Managment LLC purchased a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at approximately $63,000. State of Wyoming boosted its stake 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. Atlas Wealth Partners LLC grew its position in shares of San Juan Basin Royalty Trust by 7.7% during the third 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 in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the third quarter worth approximately $284,000. Institutional investors and hedge funds own 10.42% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of 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, the company presently has a consensus rating of “Sell”.

About San Juan Basin Royalty Trust

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.