Cambridge Investment Research Advisors Inc. boosted its stake in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 305.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,523 shares of the oil and gas producer's stock after buying an additional 70,475 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.20% of San Juan Basin Royalty Trust worth $516,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in SJT. Cannell Capital LLC grew its holdings in San Juan Basin Royalty Trust by 32.0% in the 4th quarter. Cannell Capital LLC now owns 1,830,244 shares of the oil and gas producer's stock worth $7,010,000 after buying an additional 443,604 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its position 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 during the period. Principia Wealth Advisory LLC boosted its position in San Juan Basin Royalty Trust by 3,003.3% during the 1st quarter. Principia Wealth Advisory LLC now owns 653,767 shares of the oil and gas producer's stock worth $3,354,000 after acquiring an additional 632,700 shares during the period. Lesa Sroufe & Co bought a new position in shares of San Juan Basin Royalty Trust in the first quarter worth $1,771,000. Finally, Pingora Partners LLC increased its holdings in shares of San Juan Basin Royalty Trust by 0.8% during the fourth quarter. Pingora Partners LLC now owns 279,688 shares of the oil and gas producer's stock valued at $1,071,000 after purchasing an additional 2,300 shares during the period. 10.42% of the stock is owned by institutional investors and hedge funds.
San Juan Basin Royalty Trust Price Performance
Shares of NYSE SJT traded up $0.02 during midday trading on Friday, reaching $6.18. 162,593 shares of the company traded hands, compared to its average volume of 238,680. The stock has a 50-day moving average price of $6.36 and a 200 day moving average price of $5.39. The company has a market cap of $287.82 million, a price-to-earnings ratio of 308.90 and a beta of 0.67. San Juan Basin Royalty Trust has a 52 week low of $3.21 and a 52 week high of $7.22.
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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