San Juan Basin Royalty Trust (SJT) to Issue Monthly Dividend of $0.02 on May 14th

San Juan Basin Royalty Trust (NYSE:SJT) declared a monthly dividend on Friday, April 19th, investing.com reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.0229 per share by the oil and gas producer on Tuesday, May 14th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Monday, April 29th.

San Juan Basin Royalty Trust Stock Performance

SJT opened at $4.55 on Friday. The firm has a 50 day moving average price of $5.25 and a 200 day moving average price of $5.85. The company has a market cap of $212.08 million, a PE ratio of 4.14 and a beta of 0.77. San Juan Basin Royalty Trust has a 1 year low of $4.37 and a 1 year high of $9.60.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Clear Street Markets LLC boosted its stake in shares of San Juan Basin Royalty Trust by 63.2% during the 4th quarter. Clear Street Markets LLC now owns 3,100 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 1,200 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of San Juan Basin Royalty Trust by 367.0% during the 3rd quarter. Royal Bank of Canada now owns 2,592 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 2,037 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of San Juan Basin Royalty Trust by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,748 shares of the oil and gas producer’s stock valued at $208,000 after buying an additional 2,307 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of San Juan Basin Royalty Trust by 15.8% during the 3rd quarter. Lazard Asset Management LLC now owns 17,730 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 2,413 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its stake in shares of San Juan Basin Royalty Trust by 20.9% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 14,018 shares of the oil and gas producer’s stock valued at $160,000 after buying an additional 2,421 shares during the last quarter. 10.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research report on Monday, February 12th.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico.