San Juan Basin Royalty Trust (NYSE:SJT) Plans Monthly Dividend of $0.02

San Juan Basin Royalty Trust (NYSE:SJT) announced a monthly dividend on Friday, April 19th, investing.com reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.0229 per share by the oil and gas producer on Tuesday, May 14th. This represents a $0.27 annualized dividend and a yield of 6.02%. The ex-dividend date is Monday, April 29th.

San Juan Basin Royalty Trust Stock Performance

San Juan Basin Royalty Trust stock opened at $4.56 on Friday. The firm has a 50 day moving average price of $5.25 and a two-hundred day moving average price of $5.85. San Juan Basin Royalty Trust has a 52-week low of $4.37 and a 52-week high of $9.60. The firm has a market cap of $212.54 million, a price-to-earnings ratio of 4.15 and a beta of 0.77.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Several institutional investors have recently added to or reduced their stakes in the business. Clear Street Markets LLC increased its stake in shares of San Juan Basin Royalty Trust by 63.2% in 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 acquiring an additional 1,200 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of San Juan Basin Royalty Trust by 367.0% during the third quarter. Royal Bank of Canada now owns 2,592 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 2,037 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position 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 worth $208,000 after purchasing an additional 2,307 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of San Juan Basin Royalty Trust by 15.8% in 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 period. Finally, Susquehanna Fundamental Investments LLC increased its position in San Juan Basin Royalty Trust by 20.9% in 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 in the last quarter. 10.42% of the stock is owned by institutional investors and hedge funds.

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.