Scully Royalty Ltd. (NYSE:SRL – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.72 and traded as high as $5.94. Scully Royalty shares last traded at $5.93, with a volume of 6,753 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut shares of Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Analysis on Scully Royalty
Scully Royalty Trading Up 1.2%
Hedge Funds Weigh In On Scully Royalty
An institutional investor recently bought a new stake in Scully Royalty stock. Barclays PLC bought a new stake in Scully Royalty Ltd. (NYSE:SRL – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned about 0.20% of Scully Royalty at the end of the most recent reporting period. 41.96% of the stock is currently owned by institutional investors.
Scully Royalty Company Profile
Scully Royalty Ltd. is a mineral royalty company that acquires, owns and manages a diversified portfolio of oil and gas royalty and overriding royalty interests in key onshore producing regions of the United States. As a royalty owner, the company receives a percentage of production revenue from its assets without assuming the operational and capital expenditure burdens associated with exploration and development.
The company’s portfolio spans multiple established hydrocarbon basins, including conventional and unconventional plays.
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