Horizon Kinetics Asset Management LLC increased its stake in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 40.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,814,214 shares of the oil and gas producer's stock after purchasing an additional 522,288 shares during the quarter. Horizon Kinetics Asset Management LLC owned 3.89% of San Juan Basin Royalty Trust worth $6,948,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of SJT. Prospera Private Wealth LLC acquired a new stake in San Juan Basin Royalty Trust in the 3rd quarter valued at about $34,000. GSA Capital Partners LLP acquired a new stake in shares of San Juan Basin Royalty Trust in the third quarter valued at approximately $41,000. Oxbow Advisors LLC purchased a new position in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $43,000. Atlas Wealth Partners LLC raised its position in shares of San Juan Basin Royalty Trust by 16.4% during the 4th quarter. Atlas Wealth Partners LLC now owns 20,050 shares of the oil and gas producer's stock worth $77,000 after purchasing an additional 2,825 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in San Juan Basin Royalty Trust in the 4th quarter valued at approximately $102,000. 10.42% of the stock is currently owned by institutional investors and hedge funds.
San Juan Basin Royalty Trust Trading Down 3.3 %
Shares of NYSE SJT traded down $0.18 during midday trading on Friday, reaching $5.11. 124,045 shares of the stock were exchanged, compared to its average volume of 244,618. The stock has a 50 day moving average price of $4.67 and a 200-day moving average price of $4.17. The company has a market capitalization of $237.94 million, a P/E ratio of 18.91 and a beta of 0.84. San Juan Basin Royalty Trust has a 52-week low of $3.21 and a 52-week high of $5.70.
San Juan Basin Royalty Trust Company Profile
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Free Report)
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.
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