StockNews.com Upgrades San Juan Basin Royalty Trust (NYSE:SJT) to Hold

StockNews.com upgraded shares of San Juan Basin Royalty Trust (NYSE:SJTFree Report) from a sell rating to a hold rating in a report issued on Thursday.

San Juan Basin Royalty Trust Stock Down 0.8 %

Shares of SJT stock opened at $3.78 on Thursday. The stock has a market cap of $176.19 million, a price-to-earnings ratio of 9.00 and a beta of 0.82. The business’s fifty day moving average is $4.22 and its 200 day moving average is $4.90. San Juan Basin Royalty Trust has a twelve month low of $3.59 and a twelve month high of $8.21.

San Juan Basin Royalty Trust (NYSE:SJTGet Free Report) last released its earnings results on Tuesday, May 14th. The oil and gas producer reported $0.09 EPS for the quarter. San Juan Basin Royalty Trust had a return on equity of 715.03% and a net margin of 89.64%. The business had revenue of $5.11 million for the quarter.

San Juan Basin Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th were issued a $0.0229 dividend. This represents a $0.27 annualized dividend and a yield of 7.26%. The ex-dividend date was Monday, April 29th. San Juan Basin Royalty Trust’s dividend payout ratio (DPR) is 64.29%.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of San Juan Basin Royalty Trust during the first quarter valued at $7,061,000. Significant Wealth Partners LLC bought a new position in shares of San Juan Basin Royalty Trust during the fourth quarter valued at $2,964,000. Wealthsource Partners LLC lifted its holdings in shares of San Juan Basin Royalty Trust by 1.3% during the fourth quarter. Wealthsource Partners LLC now owns 513,588 shares of the oil and gas producer’s stock valued at $2,609,000 after purchasing an additional 6,450 shares in the last quarter. Beck Bode LLC lifted its holdings in shares of San Juan Basin Royalty Trust by 44.5% during the fourth quarter. Beck Bode LLC now owns 424,118 shares of the oil and gas producer’s stock valued at $2,150,000 after purchasing an additional 130,651 shares in the last quarter. Finally, Pingora Partners LLC bought a new position in San Juan Basin Royalty Trust in the fourth quarter valued at about $1,449,000. 10.42% of the stock is owned by institutional investors.

About San Juan Basin Royalty Trust

(Get Free Report)

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.

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