San Juan Basin Royalty Trust (NYSE:SJT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of San Juan Basin Royalty Trust (NYSE:SJT – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the oil and gas producer’s stock.

San Juan Basin Royalty Trust Stock Down 2.5 %

San Juan Basin Royalty Trust stock opened at $10.04 on Thursday. The company has a 50 day moving average price of $10.37 and a 200 day moving average price of $10.75. San Juan Basin Royalty Trust has a 52 week low of $6.36 and a 52 week high of $15.43.

San Juan Basin Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 14th. Investors of record on Tuesday, February 28th were paid a $0.25 dividend. This is a positive change from San Juan Basin Royalty Trust’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Monday, February 27th. This represents a $3.00 dividend on an annualized basis and a yield of 29.88%.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. acquired a new position in San Juan Basin Royalty Trust in the 3rd quarter worth approximately $1,498,000. Chilton Capital Management LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the 2nd quarter valued at $73,000. Bluefin Capital Management LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the 2nd quarter valued at $142,000. Quadrature Capital Ltd boosted its stake in shares of San Juan Basin Royalty Trust by 59.6% during the 3rd quarter. Quadrature Capital Ltd now owns 72,759 shares of the oil and gas producer’s stock valued at $685,000 after buying an additional 27,175 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 14.15% of the company’s stock.

San Juan Basin Royalty Trust Company Profile

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San Juan Basin Royalty Trust engages in the provision of express trust services. The company was founded on November 1, 1980 and is headquartered in Houston, TX.