Beacon Pointe Advisors LLC increased its stake in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 537.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,329 shares of the oil and gas producer's stock after purchasing an additional 98,929 shares during the period. Beacon Pointe Advisors LLC owned approximately 0.25% of San Juan Basin Royalty Trust worth $449,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pecaut & CO. bought a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth $38,000. Mariner LLC purchased a new position in shares of San Juan Basin Royalty Trust during the 4th quarter worth about $40,000. Oxbow Advisors LLC bought a new stake in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $43,000. Rahlfs Capital LLC bought a new position in shares of San Juan Basin Royalty Trust in the fourth quarter worth about $44,000. Finally, XTX Topco Ltd bought a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter valued at approximately $75,000. 10.42% of the stock is currently owned by hedge funds and other institutional investors.
San Juan Basin Royalty Trust Price Performance
Shares of SJT remained flat at $6.38 during mid-day trading on Friday. 243,044 shares of the stock traded hands, compared to its average volume of 244,211. San Juan Basin Royalty Trust has a 52-week low of $3.21 and a 52-week high of $6.51. The company has a 50-day moving average price of $5.47 and a 200-day moving average price of $4.65. The company has a market cap of $297.37 million, a price-to-earnings ratio of 23.63 and a beta of 0.70.
San Juan Basin Royalty Trust 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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