Bank of America Corp DE boosted its holdings in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 83.8% in the 4th quarter, according to the company in 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 purchasing an additional 47,615 shares during the period. Bank of America Corp DE owned approximately 0.22% of San Juan Basin Royalty Trust worth $400,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SJT. Pecaut & CO. acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter worth about $38,000. Mariner LLC purchased a new position in shares of San Juan Basin Royalty Trust in the fourth quarter worth approximately $40,000. Oxbow Advisors LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter valued at approximately $43,000. Rahlfs Capital LLC purchased a new stake in shares of San Juan Basin Royalty Trust in the 4th quarter valued at approximately $44,000. Finally, XTX Topco Ltd purchased a new stake in shares of San Juan Basin Royalty Trust in the 4th quarter valued at approximately $75,000. 10.42% of the stock is owned by institutional investors and hedge funds.
San Juan Basin Royalty Trust Price Performance
NYSE SJT traded up $0.13 on Friday, hitting $6.65. 202,632 shares of the stock were exchanged, compared to its average volume of 237,424. The company's 50-day moving average price is $6.12 and its two-hundred day moving average price is $5.09. San Juan Basin Royalty Trust has a 52-week low of $3.21 and a 52-week high of $7.22. The company has a market capitalization of $309.95 million, a price-to-earnings ratio of 24.63 and a beta of 0.69.
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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