SJT San Juan Basin Royalty Trust UBI

XNYS 3.96 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

SJT $3.96 —
Key stats
$3.96
52-Week Range
$2.37 – $6.55
YTD
-31.13%
IV Rank (30D)
17.01
Straddle Price
$1.20
P/C Vol Ratio
0.21
Market Cap
$0.2B
Open
$4.31
Day Range
$3.81 – $4.45
Volume
181,117
Prev Close
$4.34
Fair Value
-50.0% vs price

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.88%
Beta vs SPY0.74
Cost of Equity (CAPM)8.58% (VRP-adj)
WACC8.44%
Volatility Risk Premium+11.3pp (IV − HV30)
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Return on Equity (TTM)-29.2%
Book / Price1.1%
Debt / Equity0.00
Quality Score1/6 — cyclical/struggling (5y DCF)
SMA 50$3.49 (Market Anchor value)
SMA 20 / Bollinger Mid$3.53
Bollinger Width / SMA2048.3% (drives anchor stability)
Net Debt$-0.0B
Market Cap$0B
Peers used for multiples: ICE, LB, PBT, TPL, WBI, WMB (filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$0.27
Deviation
-50.0%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E n/a 0% median 42.7× · 6 peers
Peer EV/EBITDA n/a 0% median 16.8× · 6 peers
Peer P/B $0.27 100% median 5.5× · 6 peers
Peer P/S n/a 0% median 7.8× · 6 peers
Market Anchor (SMA50) $3.49 0% stability 0% (BB-width)
Options Expected (B-L 30d) n/a 0%
As of 2026-11-13 · updated
About
Industry (SIC)
OIL ROYALTY TRADERS (6792) · industry map
Exchange
XNYS
Market Cap
$0.2B
Employees
495
List Date
1980-10-24
CIK
0000319655
Last Earnings
May 18 before open · +0.9% vs ±51.3% expected
Headquarters
Dallas, TX
Homepage
https://www.sjbrt.com

San Juan Basin Royalty Trust is an energy sector royalty trust in the United States. It owns approximately 75% net profit interest in a large number of natural gas properties in the San Juan Basin of New Mexico. About 98% of the royalties San Juan collects come from natural gas, with the balance coming from oil.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart

Markers: E earnings, with the move options implied and the move that happened (amber when the stock moved more than implied) · ▲ ▼ insider open-market buys and sales, sized by dollar value · S splits. Intraday times are New York time; shaded bars are pre-market and after-hours.

Seasonality
'21'22'23'24'25'26Avg
Jan28.78%9.81%2.41%-5.68%0.24%5.22%6.80%
Feb5.57%3.41%5.10%7.08%25.56%-11.60%5.85%
Mar-1.98%19.65%-2.68%-0.19%15.45%-6.42%3.97%
Apr16.79%18.00%-29.18%-23.95%3.57%-7.54%-3.72%
May11.02%25.88%11.28%-1.46%5.02%-11.47%6.71%
Jun-7.55%-34.59%-9.94%1.25%-9.12%-16.41%-12.73%
Jul-0.78%40.31%8.19%1.76%-2.10%-21.68%4.28%
Aug-16.18%-0.56%-17.24%-14.99%-1.54%14.05%-6.08%
Sep12.20%-19.45%2.36%14.91%5.04%28.07%7.19%
Oct33.20%9.02%10.98%5.25%-9.32%-12.96%6.03%
Nov-7.66%9.40%-8.66%14.32%-2.60%27.33%*5.35%
Dec4.10%-1.47%-21.97%-12.16%-0.35%---6.37%
Total90.85%74.34%-46.10%-19.64%28.00%-24.49%17.16%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $3.52
SMA 50: $3.52
SMA 200: $3.87
Current: $3.96
EMA 12: $3.77
EMA 26: $3.64
MACD: 0.1359 | Signal: 0.1007
BULLISH
ADX (14): 26.80
TREND
+DI: 31.16
−DI: 24.68

Momentum Oscillators

RSI (14): 56.50
NEUTRAL
Stoch %K: 84.87
Stoch %D: 91.42
Williams %R: -34.87

Volume & Volatility

BB Upper: $4.33
BB Lower: $2.70
NEUTRAL
OBV: 4,625,554
Vol SMA 20: 231,750
Vol ROC: 82.04%
ATR: $0.33
True Range: $0.64
HV 20: 109.6%
HV 30: 98.0%
HV 60: 81.0%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-15T00:00:00 – 2026-11-13T00:00:00
AI Analysis

LLM Stock Analysis Report: SJT

Executive Summary:

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers: Recent news headlines focusing on royalty trust distributions, production costs, and market sentiment.

Primary Risks: Negative earnings announcements, regulatory changes affecting the energy sector.

Investment Thesis: SJT's recent price movement is influenced by its royalty trust distribution history and production costs. The stock's beta indicates it moves opposite to the market, making it a potential hedge against market downturns.

Recent News Sentiment Impact: The negative news headlines related to royalty trust distributions have had a significant impact on the stock price, resulting in a bearish trend.

Technical Analysis:

Trend Direction:

  • Short-term (1-4 weeks): Downtrend
  • Medium-term (1-3 months): Bearish momentum
  • Long-term (3-12 months): Uptrend

Support/Resistance Levels:

  • Lower Bollinger Band: $2.35
  • Middle Bollinger Band: $2.58
  • Upper Bollinger Band: $2.82
  • SMA 20: $2.58
  • SMA 50: $2.92

Momentum Signals:

  • RSI (14): 54.18 (neutral)
  • MACD: -0.06 / Signal: 0.07 / Histogram: -0.12 (bearish)

News & Sentiment Analysis:

Recent Headlines Summary: Negative news headlines related to royalty trust distributions and production costs have dominated the market sentiment.

Sentiment Assessment: NEGATIVE

Catalyst Identification: Earnings announcements, regulatory changes affecting the energy sector, and future royalty trust distributions.

Market Narrative: The negative news headlines have reinforced the bearish trend in SJT's stock price, highlighting the need for a strong earnings report or positive catalyst to reverse this momentum.

Risk & Volatility Assessment:

Beta Interpretation: -0.03 (vs SPY), indicating a negative correlation with the market.

Volatility Regime: High volatility, with an IV rank of 81.7% and current IV at 251.7%.

Options Market Signals:

  • IV Rank: 81.7% (High)
  • Put/Call Volume Ratio: 0.00 (Bullish sentiment)

Market Context & Positioning:

Sector Performance: Energy sector has been trending lower, which may impact SJT's stock price.

Institutional Activity: No notable institutional activity observed in the options market.

Correlation Analysis: SJT exhibits a negative correlation with the market, making it a potential hedge against downturns.

Key Levels & Action Items:

Critical Price Levels:

  • Support level 1: $2.35 (lower Bollinger Band)
  • Resistance level 1: $2.58 (middle Bollinger Band)

Breakout/Breakdown Levels: None observed in the technical indicators.

Time-Sensitive Catalysts: Earnings announcements, regulatory changes affecting the energy sector.

Risk Management: Consider stop-loss levels at $2.35 and position sizing considerations based on risk tolerance.

By analyzing the data, I conclude that SJT's stock price is influenced by its royalty trust distribution history and production costs. The negative news headlines have reinforced the bearish trend, making it essential to monitor earnings announcements and regulatory changes affecting the energy sector. A strong earnings report or positive catalyst could reverse this momentum, while a weak report might further depress the stock price.

Generated
News
All SJT news →
Earnings History
28 of 29 under expected move
Avg Expected Move
32.25%
Avg Actual Move
2.88%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-01-19 After-Close 47.07% 4.33% 0.09x Within
2021-03-19 After-Close 43.74% 6.86% 0.16x Within
2021-05-18 After-Close 13.42% 2.50% 0.19x Within
2021-07-20 After-Close 11.75% 4.54% 0.39x Within
2021-10-19 After-Close 18.02% 4.50% 0.25x Within
2021-12-20 After-Close 18.64% 1.19% 0.06x Within
2022-02-17 After-Close 13.57% 0.45% 0.03x Within
2022-04-19 After-Close 13.61% 4.37% 0.32x Within
2022-06-17 After-Close 16.67% 5.17% 0.31x Within
2022-08-19 After-Close 14.42% 2.31% 0.16x Within
2022-10-21 After-Close 12.13% 2.84% 0.23x Within
2022-12-19 After-Close 10.67% 0.09% 0.01x Within
2023-02-17 After-Close 8.32% 0.50% 0.06x Within
2023-04-18 After-Close 7.29% 0.11% 0.02x Within
2023-06-20 After-Close 12.94% 3.13% 0.24x Within
2023-08-21 After-Close 8.67% 3.44% 0.40x Within
2023-10-20 After-Close 1.08% 4.85% 4.49x Exceeded
2023-12-18 After-Close 12.84% 3.85% 0.30x Within
2024-02-16 After-Close 3.27% 0.61% 0.19x Within
2024-04-19 After-Close 10.55% 4.62% 0.44x Within
2024-07-19 After-Close 147.53% 3.46% 0.02x Within
2024-11-18 After-Close 106.30% 1.05% 0.01x Within
2025-01-21 After-Close 39.84% 3.00% 0.08x Within
2025-03-21 Pre-Market 20.36% 3.41% 0.17x Within
2025-06-20 After-Close 17.38% 2.32% 0.13x Within
2025-08-19 Pre-Market 101.33% 0.88% 0.01x Within
2025-10-21 After-Close 143.36% 7.43% 0.05x Within
2025-12-19 Pre-Market 9.16% 0.73% 0.08x Within
2026-05-18 Pre-Market 51.30% 0.94% 0.02x Within

Earnings calendar: this week’s reports with expected vs actual moves →

SJT Options Activity & IV Rank

SJT IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 87.9%
7-DTE IV: —
Expected Move: $1.20
7-DTE Move: $1.02
Days to Exp: 35 (2026-12-18)

Options Flow · All expiries

Call Volume: 252
Put Volume: 54
P/C Volume: 0.214
BULLISH
Call OI: 5,356
Put OI: 134
P/C OI: 0.025
Total OI: 5,490

ATM Options Pricing

ATM Call: $0.15
ATM Put: $1.05
Call %: 3.8%
Put %: 26.5%

Chain Summary

Chain Volume: 306
Chain OI: 5,490
Last Updated: 11/13/2026
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 81st percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
81%
vs own history
GEX tilt
+0.95
OI-weighted, today
Vanna tilt
+0.96
δ-sensitivity to IV
Charm tilt
-0.77
δ-decay vs time
Vanna tilt +0.96: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.77: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 4 ATM contracts, 4k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Put vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Call vs ATM
IV(call wing) − IV(ATM), in vol points

The same measure on the upside: how the OTM call is priced against the at-the-money strike.

  • Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
  • Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Reading them together

Put or call vs ATM tells you how expensive that tail is. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d put —
— pts EXTREME
as of Nov 13 · No data
30 DTE / 10d put —
— pts EXTREME
as of Nov 13 · ATM 49.8% / Put —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)
IV Rank (30 DTE)17.0LowNov 13

Embed SJT IV rank

SJT's 30-day IV rank (90 sessions) with its 52-week rank, at-the-money IV and a 90-session trend. Updates after each close. Paste the code into any web page or blog post. Email newsletters drop iframes, so link to the page there.

Theme
Preview
Straddle Price (30 DTE)$1.20Nov 13
Beta Analysis

Risk Metrics

Beta: 0.0050
Alpha: -33.49%
Correlation: 0.0013
R-Squared: 0.0%
Stock Volatility: 54.1%
Market Volatility: 13.6%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own SJT
1 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$780K
0.00%
#3988 of 6285+57.5%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

SJT Institutional Ownership (13F)

Filings for 2026-06-30 · 35 already for 2026-09-30
Diluted shares outstanding: 58,260,745 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

86 filers17,912,584 shares$59.35M value30.75% of float
# Filer Shares Value % of Total % of Float Period
1 HORIZON KINETICS ASSET MANAGEMENT LLC 7,494,020 $24.06M 40.53% 12.86% 2026-06-30
2 Morgan Stanley Custodian 1,563,319 $5.02M 8.46% 2.68% 2026-06-30
3 Moors & Cabot, Inc. 1,201,995 $4.39M 7.39% 2.06% 2026-09-30
4 CANNELL CAPITAL LLC 1,212,760 $3.89M 6.56% 2.08% 2026-06-30
5 MAD RIVER INVESTORS 597,500 $2.18M 3.67% 1.03% 2026-09-30
6 Lesa Sroufe & Co 592,321 $2.16M 3.64% 1.02% 2026-09-30
7 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 641,414 $2.06M 3.47% 1.10% 2026-06-30
8 Ashton Thomas Private Wealth, LLC 482,614 $1.76M 2.97% 0.83% 2026-09-30
9 Marshall Wace, LLP Custodian 540,087 $1.73M 2.92% 0.93% 2026-06-30
10 MCDANIEL TERRY & CO 318,076 $1.16M 1.96% 0.55% 2026-09-30
11 Raymond James Financial, Inc. Custodian 254,805 $817.93K 1.38% 0.44% 2026-06-30
12 Citadel Advisors LLC Custodian 242,929 $779.80K 1.31% 0.42% 2026-06-30
13 Advisory Services Network, LLC Custodian 240,377 $771.61K 1.30% 0.41% 2026-06-30
14 Mraz, Amerine & Associates, Inc. 184,236 $672.46K 1.13% 0.32% 2026-09-30
15 Jane Street Group, LLC Custodian 180,114 $578.17K 0.97% 0.31% 2026-06-30
16 KINGSWOOD WEALTH ADVISORS, LLC 155,150 $566.30K 0.95% 0.27% 2026-09-30
17 XTX Topco Ltd 170,922 $548.66K 0.92% 0.29% 2026-06-30
18 State of Wyoming 145,489 $531.03K 0.89% 0.25% 2026-09-30
19 Pingora Partners LLC 135,057 $433.53K 0.73% 0.23% 2026-06-30
20 LPL Financial LLC Custodian 104,576 $381.70K 0.64% 0.18% 2026-09-30
21 Two Sigma Investments, LP Custodian 95,656 $307.06K 0.52% 0.16% 2026-06-30
22 OSAIC HOLDINGS, INC. Custodian 95,406 $306.24K 0.52% 0.16% 2026-06-30
23 UBS Group AG Custodian 90,159 $289.41K 0.49% 0.15% 2026-06-30
24 Wells Fargo & Company Custodian 73,426 $235.70K 0.40% 0.13% 2026-06-30
25 BNP Paribas Financial Markets Custodian 64,366 $206.62K 0.35% 0.11% 2026-06-30
4 filers$124.29K notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $51.36K 41.32% 2026-06-30
2 Susquehanna International Group, LLP Custodian $41.09K 33.06% 2026-06-30
3 GROUP ONE TRADING LLC Custodian $17.98K 14.46% 2026-06-30
4 Simplex Trading, LLC Custodian $13.87K 11.16% 2026-09-30
3 filers$71.44K notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $46.22K 64.71% 2026-06-30
2 GROUP ONE TRADING LLC Custodian $23.75K 33.25% 2026-06-30
3 Simplex Trading, LLC Custodian $1.46K 2.04% 2026-09-30

SJT Insider Trading (Form 4)

Latest: 2026-11-13
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-11-13 SoftVest, LP 10%+ Owner Buy (P) +455,189 $4.42 $2.01M EDGAR
2026-11-12 SoftVest, LP 10%+ Owner Buy (P) +352,364 $3.99 $1.40M EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

SJT Insider Holdings

1 insider · @ $3.96
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 SoftVest, LP 10%+ Owner 5,397,983 $21.38M $3.42M 2 2026-11-13
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

SJT Board & Officers

As of SEC filings through Nov 12, 2026

10% owners 3

Changes in the last 10 years (3)
Nov 9, 2026SoftVest, LP became a 10% owner
Nov 9, 2026SoftVest GP I, LLC became a 10% owner
Nov 9, 2026Eric L Oliver became a 10% owner
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-10-20
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Event Link
2026-10-20 Earnings results EDGAR
2026-09-28 Regulation FD disclosure EDGAR
2026-09-18 Earnings results EDGAR
2026-08-21 Earnings results EDGAR
2026-07-21 Earnings results · Regulation FD disclosure EDGAR
2026-06-18 Earnings results EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-08-13 0001193125-26-348824 EDGAR
ETF Holders
2 ETFs hold SJT
2 shown · $4.16M total exposure
# ETF Provider Weight $ Exposure ETF AUM As Of
1 INFL Horizon Kinetics Inflation Beneficiaries ETF Nport 0.28% $4.1M — 2026-06-30
2 NVIR Horizon Kinetics Energy and Remediation ETF Nport 0.73% $42,305 — 2026-06-30
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$-0.01
TTM Revenue
$0.00
TTM Net Income
$-781.69K
TTM Op. Cash Flow
—
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$0.00$-193.96K$0.00—
Q1 '262026-03-31$0.00$-362.71K$-0.01—
Q4 '252025-12-31$0.00$-113.67K$0.00—
Q3 '252025-09-30$0.00$-111.35K$0.00—
Q2 '252025-06-30—$-162.78K$0.00$0.00
Q1 '252025-03-31————
Q4 '242024-12-31$0.00$0.00$0.00—
Q3 '242024-09-30————
Q2 '242024-06-30$1.85M$1.07M$0.02$0.00
Q1 '242024-03-31$5.11M$4.09M$0.09—
Q4 '232023-12-31$3.98M$3.63M$0.08—
Q3 '232023-09-30$4.32M$3.95M$0.08—
Q2 2026 • period ending 2026-06-30 • filed 2026-08-13
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
86.16
P/S
—
EV/EBITDA
—
EV/Sales
—
ROE
-29.2%
ROA
-29.1%
Div Yield
0.00%
FCF Yield
—
Debt/Equity
0.00
Current Ratio
—
Market Cap
$230.71M
as of 2026-11-13

SJT vs Peers

Related companies, largest first
Company Market cap P/E Revenue growth YTD IV rank
ICE Intercontinental Exchange Inc. $99.4B 24.4 +12.7% +11.6% 1
WMB Williams Companies Inc. $86.8B 27.2 +8.8% +13.5% 57
TPL Texas Pacific Land Corporation $19.4B 34.3 +25.3% −2.0% 19
LB LandBridge Corporation $2.1B 63.1 +37.3% +50.9% 24
WBI WaterBridge Infrastructure LLC $1.5B 211.2 — +39.2% 32
PBT Permian Basin Royalty Trust $1.4B 100.1 −40.5% +76.4% 67
EROK EagleRock Land, LLC $551M — — −3.2% —
SJT San Juan Basin Royalty Trust UBI $202M — — −31.1% 17
CESDF CES ENERGY SOLUTIONS ORD — — — — —
Peer median $2.1B 48.7 +12.7% +13.5% 28

P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.

Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
1.32M
SI % of Float
2.82%
Days to Cover
7.54
Short Vol Ratio
56.7%
Free Float
—
Float %
—
Short interest 2026-10-30 • Short volume 2026-11-13