First Manhattan Co. cut its position in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 3.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 76,546 shares of the oil and gas producer’s stock after selling 2,450 shares during the period. First Manhattan Co. owned 0.16% of San Juan Basin Royalty Trust worth $521,000 at the end of the most recent reporting period.
Separately, Enterprise Financial Services Corp boosted its stake in San Juan Basin Royalty Trust by 4.8% in the second quarter. Enterprise Financial Services Corp now owns 22,000 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 27.49% of the company’s stock.
San Juan Basin Royalty Trust (SJT) traded up 2.14% during mid-day trading on Friday, reaching $7.16. 220,682 shares of the company’s stock were exchanged. The company has a 50-day moving average of $6.77 and a 200-day moving average of $7.05. San Juan Basin Royalty Trust has a 52-week low of $5.19 and a 52-week high of $8.00. The stock has a market cap of $333.71 million, a price-to-earnings ratio of 12.92 and a beta of -0.46.
San Juan Basin Royalty Trust (NYSE:SJT) last posted its earnings results on Wednesday, August 9th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. San Juan Basin Royalty Trust had a return on equity of 337.99% and a net margin of 92.24%. The company had revenue of $6.45 million for the quarter.
The firm also recently declared a monthly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.0608 dividend. This represents a $0.73 annualized dividend and a yield of 10.19%. The ex-dividend date of this dividend was Thursday, July 27th. San Juan Basin Royalty Trust’s dividend payout ratio is presently 132.73%.
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Several brokerages have issued reports on SJT. BidaskClub upgraded shares of San Juan Basin Royalty Trust from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. TheStreet upgraded shares of San Juan Basin Royalty Trust from a “c” rating to a “b-” rating in a research note on Wednesday, May 31st.
San Juan Basin Royalty Trust Company Profile
San Juan Basin Royalty Trust is an express trust. The principal asset of the Trust is Royalty. Its Royalty is carved from working, royalty and other oil and natural gas interests owned by Southland Royalty Company, the predecessor to Burlington Resources Oil & Gas Company LP (Burlington), in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests).
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