San Juan Basin Royalty Trust (NYSE:SJT) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 411,900 shares, a drop of 18.0% from the December 15th total of 502,500 shares. Based on an average daily volume of 165,600 shares, the short-interest ratio is currently 2.5 days. Approximately 0.9% of the shares of the company are sold short.
NYSE:SJT traded up $0.17 on Tuesday, hitting $2.63. The stock had a trading volume of 210,800 shares, compared to its average volume of 93,644. The business’s 50-day simple moving average is $2.39 and its two-hundred day simple moving average is $2.71. San Juan Basin Royalty Trust has a 52-week low of $2.11 and a 52-week high of $5.93.
The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.0017 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.02 annualized dividend and a yield of 0.78%.
Large investors have recently made changes to their positions in the business. Baxter Bros Inc. purchased a new position in San Juan Basin Royalty Trust in the fourth quarter worth about $155,000. Sunbelt Securities Inc. purchased a new position in San Juan Basin Royalty Trust in the third quarter worth about $34,000. BBVA USA Bancshares Inc. purchased a new position in San Juan Basin Royalty Trust in the third quarter worth about $121,000. Delta Investment Management LLC purchased a new position in San Juan Basin Royalty Trust in the third quarter worth about $180,000. Finally, Wealthsource Partners LLC lifted its position in shares of San Juan Basin Royalty Trust by 3.2% during the 3rd quarter. Wealthsource Partners LLC now owns 212,496 shares of the oil and gas producer’s stock valued at $642,000 after buying an additional 6,572 shares in the last quarter. 15.97% of the stock is currently owned by institutional investors and hedge funds.
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 carved out of Southland's oil and natural gas interests (the subject interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 828.1 net wells.
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