Company shares last traded at $7.77 much higher than the 50 day moving average of $7.01 and which is quite a bit above the 200 day moving average of $7.01. The 50 day moving average moved up $0.76 and the 200 day average went up by +10.86%. Trading volume for San Juan Basin Royalty Trust was 306K in the last trading session. Overall, volume was up 159.11% over the stocks normal daily volume.
Traders are a little more bearish on the company lately if you take a look at the rise in short interest. The stock recorded a rise in short interest of 11.48% as of the latest report on August 31, 2017. Short interest increased 23,189 over that period. The days to cover decreased to 1.0 and the percentage of shorted shares was 0.00% on August 31.
The following firms have recently changed their position in SJT. As of the end of the quarter Baird Financial Group, Inc. had bought a total of 200 shares growing its stake by 0.9%. The value of the investment in SJT decreased from $169,000 to $160,000 decreasing 5.3% quarter to quarter. Ubs Group Ag downsized its stake by selling 8,480 shares a decrease of 75.7% from 03/31/2017 to 06/30/2017. Ubs Group Ag owns 2,727 shares worth $19,000. The total value of its holdings decreased 76.5%.
Mraz, Amerine & Associates, Inc. trimmed its holdings by shedding 1,162 shares a decrease of 0.8% in the quarter. Mraz, Amerine & Associates, Inc. now holds 142,097 shares with a value of $968,000. The value of the position overall is down by 4.5%. Two Sigma Advisers, Lp divested its ownership by selling 7,200 shares a decrease of 10.3% as of 06/30/2017. Two Sigma Advisers, Lp controls 63,000 shares valued at $429,000. The total value of its holdings decreased 15.6%.
The company is trading unchanged since yesterday’s close of 7.77. Additionally San Juan Basin Royalty Trust recently announced a dividend paid on Friday the 15th of September 2017. The dividend payment was $0.123 per share for the quarter or $0.49 on an annualized basis. This dividend represents a yield of $6.48 which is the dividend as a percentage of the current share price. The ex-dividend date was Tuesday the 29th of August 2017.
San Juan Basin Royalty Trust’s P/E ratio is 14.03 and the market cap of the company is 362.14M.
San Juan Basin Royalty Trust, incorporated in 1980, 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). The Trustee of the Trust is Compass Bank. The function of the Trustee is to collect the net proceeds attributable to the Royalty, to pay all expenses and charges of the Trust and distribute the remaining available income to the Unit Holders. The Trust does not operate the Subject Interests and is not empowered to carry on any business activity..