Raymond James Financial Inc. bought a new stake in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 204,497 shares of the oil and gas producer's stock, valued at approximately $783,000. Raymond James Financial Inc. owned 0.44% of San Juan Basin Royalty Trust as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also bought and sold shares of SJT. Horizon Kinetics Asset Management LLC increased its holdings in San Juan Basin Royalty Trust by 40.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,814,214 shares of the oil and gas producer's stock worth $6,948,000 after purchasing an additional 522,288 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of San Juan Basin Royalty Trust by 75.3% in the 4th quarter. Moors & Cabot Inc. now owns 206,750 shares of the oil and gas producer's stock valued at $792,000 after buying an additional 88,800 shares during the period. Private Advisor Group LLC acquired a new stake in San Juan Basin Royalty Trust in the 4th quarter valued at $102,000. Ashton Thomas Private Wealth LLC acquired a new position in San Juan Basin Royalty Trust during the 4th quarter valued at about $2,686,000. Finally, Cannell Capital LLC lifted its stake in San Juan Basin Royalty Trust by 32.0% during the 4th quarter. Cannell Capital LLC now owns 1,830,244 shares of the oil and gas producer's stock valued at $7,010,000 after acquiring an additional 443,604 shares in the last quarter. Institutional investors own 10.42% of the company's stock.
San Juan Basin Royalty Trust Price Performance
NYSE SJT opened at $6.26 on Wednesday. The firm has a market cap of $291.77 million, a price-to-earnings ratio of 23.19 and a beta of 0.70. The company has a fifty day moving average price of $5.42 and a 200-day moving average price of $4.63. San Juan Basin Royalty Trust has a 1 year low of $3.21 and a 1 year high of $6.35.
About San Juan Basin Royalty Trust
(
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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