Moors & Cabot Inc. lifted its position in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 75.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,750 shares of the oil and gas producer's stock after purchasing an additional 88,800 shares during the period. Moors & Cabot Inc. owned about 0.44% of San Juan Basin Royalty Trust worth $792,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in SJT. Mountaineer Partners Management LLC raised its holdings in San Juan Basin Royalty Trust by 260.5% in the third quarter. Mountaineer Partners Management LLC now owns 2,660,500 shares of the oil and gas producer's stock valued at $9,844,000 after acquiring an additional 1,922,570 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in San Juan Basin Royalty Trust in the fourth quarter valued at $2,686,000. Horizon Kinetics Asset Management LLC raised its holdings in San Juan Basin Royalty Trust by 23.2% in the third quarter. Horizon Kinetics Asset Management LLC now owns 1,291,926 shares of the oil and gas producer's stock valued at $4,780,000 after acquiring an additional 242,871 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in San Juan Basin Royalty Trust in the fourth quarter valued at $783,000. Finally, Virtu Financial LLC acquired a new stake in San Juan Basin Royalty Trust in the third quarter valued at $150,000. 10.42% of the stock is owned by institutional investors and hedge funds.
San Juan Basin Royalty Trust Price Performance
SJT traded up $0.16 during trading on Wednesday, hitting $5.32. The company had a trading volume of 191,213 shares, compared to its average volume of 244,415. The company has a market cap of $247.73 million, a PE ratio of 19.69 and a beta of 0.84. The business has a 50-day moving average of $4.63 and a 200-day moving average of $4.15. San Juan Basin Royalty Trust has a 1-year low of $3.21 and a 1-year high of $5.72.
San Juan Basin Royalty Trust Profile
(
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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