Bank of America Corp DE raised its stake in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 83.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,402 shares of the oil and gas producer's stock after buying an additional 47,615 shares during the quarter. Bank of America Corp DE owned about 0.22% of San Juan Basin Royalty Trust worth $400,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth approximately $102,000. Oxbow Advisors LLC purchased a new position in San Juan Basin Royalty Trust in the fourth quarter valued at approximately $43,000. Raymond James Financial Inc. purchased a new position in San Juan Basin Royalty Trust in the fourth quarter valued at approximately $783,000. Ashton Thomas Private Wealth LLC purchased a new position in San Juan Basin Royalty Trust in the fourth quarter valued at approximately $2,686,000. Finally, Moors & Cabot Inc. increased its stake in San Juan Basin Royalty Trust by 75.3% in the fourth quarter. Moors & Cabot Inc. now owns 206,750 shares of the oil and gas producer's stock valued at $792,000 after purchasing an additional 88,800 shares during the last quarter. Institutional investors and hedge funds own 10.42% of the company's stock.
San Juan Basin Royalty Trust Stock Up 2.2%
San Juan Basin Royalty Trust stock traded up $0.15 during mid-day trading on Monday, hitting $6.83. The company had a trading volume of 229,500 shares, compared to its average volume of 237,707. The stock has a market cap of $318.34 million, a price-to-earnings ratio of 25.30 and a beta of 0.69. San Juan Basin Royalty Trust has a 1 year low of $3.21 and a 1 year high of $7.22. The business has a fifty day moving average of $6.19 and a 200 day moving average of $5.13.
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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