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 https://www.thestockobserver.com/2017/08/10/palisade-capital-management-llc-nj-maintains-stake-in-san-juan-basin-royalty-trust-sjt.html. 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).