San Juan Basin Royalty Trust (SJT) Releases Quarterly Earnings Results


Shares of San Juan Basin Royalty Trust (NYSE SJT) opened at 7.18 on Thursday.

The company is trading up by 5.28% since yesterday's close of $6.82. San Juan Basin Royalty Trust had a net margin of 92.24% and a return on equity of 331.55%. 220,290 shares of the stock traded hands.

It is trading at $7.16 quite a bit above the 50 day moving average which is $6.71 and which is marginally over the 200 day moving average of $7.05. The stock has a market cap of $334.18 million, a price-to-earnings ratio of 12.94 and a beta of -0.46.

Permian Basin Royalty Trust is an express trust.

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 14th. Moreover, Beck Mack & Oliver Llc has 0.5% invested in the company for 2.08 million shares. The ex-dividend date is Thursday, July 27th. This dividend represents a yield of $8.18.

Hedge funds have recently made changes to their positions in the stock. The original version of this piece of content can be read at Oppenheimer & Co Inc added to its ownership by buying 147 shares an increase of 0.1% in the quarter. It improved, as 4 investors sold Permian Basin Royalty Trust shares while 15 reduced holdings. IL now owns 21,000 shares of the oil and gas producer's stock worth $183,000 after buying an additional 2,500 shares during the last quarter. The value of the company's investment in San Juan Basin Royalty Trust decreased from $1,178,000 to $739,000 a change of $439,000 since the last quarter. As of quarter end Cibc World Markets Inc. had disposed of 54,250 shares trimming its stake by 33.3%. Finally, Captrust Financial Advisors acquired a new stake in shares of San Juan Basin Royalty Trust during the second quarter valued at about $156,000. The institutional investors in our partner's database now have: 11.30 million shares, down from 11.55 million shares in 2016Q3.

SJT has been the subject of several recent research reports.

TRADEMARK VIOLATION WARNING: "Permian Basin Royalty Trust (PBT) Downgraded to Sell at BidaskClub" was first published by BBNS and is owned by of BBNS. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & global copyright law. The principal asset of the Trust is Royalty.

Permian Basin Royalty Trust (NYSE:PBT) posted its earnings results on Wednesday. The Company's 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, in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests).



Related Posts

Jose Mourinho insists Manchester United's transfer activity is sufficient
With plenty of time until deadline day, The Grapevine has the very latest football transfer news from the Premier League's top clubs in our round-up below.

Ohioan Sam Hornish Jr. wins XFinity Mid-Ohio race
Elliott Sadler (second) posted his 10th top-10 start of 2017 and his third in five races at Mid-Ohio. The Penske Racing veteran turned in a dominant performance at the OH road course Saturday afternoon.

Zlatan Ibrahimovic: Jose Mourinho confirms Manchester United talks over January return
He has trained with the club during his rehabilitation though, and Mourinho has made it clear he still believes the forward can do a job for him.

Wenger: Lacazette Has Gotten Stronger Since He Has Joined Us
They would look at it and ask why the club are selling him to a Premier League rival. "We're not going to be too down-hearted". The Gunners got the 2017-18 season underway with a thrilling encounter with Leicester City at the Emirates Stadium on Friday.

Nine-man Chelsea lose 3-2 to Burnley
Former Arsenal centre-back Martin Keown criticises Chelsea following their 3-2 home defeat to Burnley in the Premier League . Burnley went for the fourth goal but the post kept out a 90th minute freekick as the defending champions sought an equaliser.

Kisner, Matsuyama share lead at PGA as weekend storms loom
I'm disappointed that I'm not playing the weekend because I know I have the ability to do that - especially at this golf course. Marc Leishman bounced back from an opening 75 with a Friday 71 to share 61st place at four-over and is set to make the cut.

Giroud rescues Arsenal to seal 4-3 opening win vs Leicester
Have you signed up to play in our fantasy football league? "We had 27 attempts and they had three on target and three goals , but it's something we have to work on".

USA stocks close lower, snapping Dow's 10-day winning streak
After touching a more than two-month high at US$1,291.86, spot gold last added 0.2 per cent to US$1,288.81 an ounce. The iShares MSCI South Korea Capped exchange traded fund EWY.P fell in a volume spike and ended down 0.85 percent.

`Injured` Sanchez ruled out of start of Arsenal's PL campaign
The French tactician also admitted Aaron Ramsey , Mesut Ozil and Per Mertesacker could all miss out. "I believe he will be a very great player". "(Kolasinac) came on very well.

Are You Ready for the Next Total Solar Eclipse?
The Total Eclipse of the Sun Forever stamp changes from an eclipse image to a moon with the heat of your finger. Also during totality it gets weird, suddenly becoming twilight dark and there is a distinct temperature drop.

© 2015 ExpressNewsline. All Rights reserved.