Cambridge Investment Research Advisors Inc. boosted its position in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 305.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,523 shares of the oil and gas producer's stock after purchasing an additional 70,475 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.20% of San Juan Basin Royalty Trust worth $516,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in SJT. Raymond James Financial Inc. acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at $783,000. Moors & Cabot Inc. grew its holdings in San Juan Basin Royalty Trust by 75.3% during the 4th 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 in the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in San Juan Basin Royalty Trust by 40.4% during the 4th 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 acquiring an additional 522,288 shares in the last quarter. Pecaut & CO. acquired a new position in San Juan Basin Royalty Trust during the 4th quarter worth $38,000. Finally, Rahlfs Capital LLC acquired a new position in San Juan Basin Royalty Trust during the 4th quarter worth $44,000. 10.42% of the stock is owned by institutional investors and hedge funds.
San Juan Basin Royalty Trust Trading Up 0.2%
SJT stock traded up $0.02 during mid-day trading on Friday, hitting $6.18. 162,593 shares of the company were exchanged, compared to its average volume of 239,184. The company has a market capitalization of $287.82 million, a PE ratio of 308.90 and a beta of 0.67. San Juan Basin Royalty Trust has a twelve month low of $3.21 and a twelve month high of $7.22. The firm has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $5.40.
San Juan Basin Royalty Trust Company Profile
(
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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