Weiss Ratings Reiterates “Sell (D)” Rating for San Juan Basin Royalty Trust (NYSE:SJT)

San Juan Basin Royalty Trust (NYSE:SJT)‘s stock had its “sell (d)” rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

San Juan Basin Royalty Trust Stock Performance

NYSE:SJT opened at $5.46 on Friday. The stock’s 50 day moving average price is $5.84 and its 200 day moving average price is $6.00. San Juan Basin Royalty Trust has a 52 week low of $3.66 and a 52 week high of $7.22.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

A number of hedge funds have recently added to or reduced their stakes in SJT. Cambridge Investment Research Advisors Inc. grew its holdings in San Juan Basin Royalty Trust by 305.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 93,523 shares of the oil and gas producer’s stock valued at $516,000 after purchasing an additional 70,475 shares during the last quarter. Westfuller Advisors LLC acquired a new position in San Juan Basin Royalty Trust during the first quarter valued at approximately $63,000. Financial Gravity Asset Management Inc. acquired a new position in San Juan Basin Royalty Trust during the first quarter valued at approximately $35,000. Fonville Wealth Management LLC acquired a new position in San Juan Basin Royalty Trust during the first quarter valued at approximately $102,000. Finally, Atlas Wealth Partners LLC grew its holdings in San Juan Basin Royalty Trust by 21.2% during the first quarter. Atlas Wealth Partners LLC now owns 24,300 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 4,250 shares during the last quarter. Institutional investors and hedge funds own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Company Profile

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.