San Juan Basin Royalty Trust (NYSE:SJT) traded down 8.6% during mid-day trading on Tuesday . The stock traded as low as $4.66 and last traded at $4.76. 662,719 shares changed hands during mid-day trading, an increase of 223% from the average session volume of 205,002 shares. The stock had previously closed at $5.21.

Separately, TheStreet lowered shares of San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research report on Thursday, June 21st.

San Juan Basin Royalty Trust (NYSE:SJT) last released its quarterly earnings data on Thursday, August 9th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter. San Juan Basin Royalty Trust had a net margin of 95.60% and a return on equity of 520.42%. The company had revenue of $2.99 million during the quarter.

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 17th. Stockholders of record on Friday, August 31st were given a $0.032 dividend. This represents a $0.38 annualized dividend and a dividend yield of 8.07%. The ex-dividend date of this dividend was Thursday, August 30th.

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter valued at $118,000. Bank of Montreal Can acquired a new stake in San Juan Basin Royalty Trust during the 2nd quarter valued at $184,000. GSA Capital Partners LLP acquired a new stake in San Juan Basin Royalty Trust during the 2nd quarter valued at $186,000. United Capital Financial Advisers LLC grew its holdings in San Juan Basin Royalty Trust by 38.0% during the 1st quarter. United Capital Financial Advisers LLC now owns 30,700 shares of the oil and gas producer’s stock valued at $243,000 after purchasing an additional 8,450 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter valued at $484,000. 25.29% of the stock is owned by institutional investors.

About San Juan Basin Royalty Trust (NYSE:SJT)

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the subject interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 829.8 net wells.

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