San Juan Basin Royalty Trust (NYSE:SJT) Releases Quarterly Earnings Results

San Juan Basin Royalty Trust (NYSE:SJT) released its quarterly earnings results on Thursday. The oil and gas producer reported ($0.01) earnings per share for the quarter, Zacks reports.

San Juan Basin Royalty Trust Trading Down 1.6%

San Juan Basin Royalty Trust stock traded down $0.07 during trading on Friday, reaching $4.16. The company had a trading volume of 407,152 shares, compared to its average volume of 159,754. San Juan Basin Royalty Trust has a 52 week low of $4.07 and a 52 week high of $7.22. The firm’s 50-day simple moving average is $4.69 and its 200 day simple moving average is $5.35. The firm has a market capitalization of $194.03 million, a price-to-earnings ratio of -416.30 and a beta of 0.58.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

A number of institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd raised its holdings in San Juan Basin Royalty Trust by 120.7% in the 4th quarter. XTX Topco Ltd now owns 81,722 shares of the oil and gas producer’s stock worth $459,000 after purchasing an additional 44,696 shares during the period. Boothbay Fund Management LLC raised its holdings in San Juan Basin Royalty Trust by 54.0% in the 4th quarter. Boothbay Fund Management LLC now owns 33,414 shares of the oil and gas producer’s stock worth $188,000 after purchasing an additional 11,710 shares during the period. AQR Capital Management LLC bought a new position in San Juan Basin Royalty Trust in the 4th quarter worth $183,000. Cetera Investment Advisers bought a new position in San Juan Basin Royalty Trust in the 4th quarter worth $64,000. Finally, Royal Bank of Canada raised its holdings in San Juan Basin Royalty Trust by 22.8% in the 4th quarter. Royal Bank of Canada now owns 68,922 shares of the oil and gas producer’s stock worth $387,000 after purchasing an additional 12,798 shares during the period. 10.42% of the stock is owned by institutional investors.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.