204,497 Shares in San Juan Basin Royalty Trust (NYSE:SJT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 204,497 shares of the oil and gas producer's stock, valued at approximately $783,000. Raymond James Financial Inc. owned approximately 0.44% of San Juan Basin Royalty Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pecaut & CO. bought a new stake in San Juan Basin Royalty Trust during the fourth quarter worth $38,000. Oxbow Advisors LLC bought a new stake in San Juan Basin Royalty Trust during the fourth quarter worth $43,000. Rahlfs Capital LLC bought a new stake in San Juan Basin Royalty Trust during the fourth quarter worth $44,000. Atlas Wealth Partners LLC lifted its stake in San Juan Basin Royalty Trust by 16.4% during the fourth 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 bought a new stake in San Juan Basin Royalty Trust during the fourth quarter worth $102,000. 10.42% of the stock is owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Trading Down 1.6%

NYSE SJT traded down $0.10 on Monday, hitting $6.53. 61,835 shares of the company's stock were exchanged, compared to its average volume of 245,154. The stock has a 50-day moving average of $5.51 and a 200-day moving average of $4.68. San Juan Basin Royalty Trust has a 52 week low of $3.21 and a 52 week high of $6.72. The stock has a market cap of $304.17 million, a price-to-earnings ratio of 23.97 and a beta of 0.70.

San Juan Basin Royalty Trust 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.