Financial Sense Advisors Inc. acquired a new position in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 144,943 shares of the oil and gas producer's stock, valued at approximately $802,000. Financial Sense Advisors Inc. owned about 0.31% of San Juan Basin Royalty Trust at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in San Juan Basin Royalty Trust by 305.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 93,523 shares of the oil and gas producer's stock worth $516,000 after purchasing an additional 70,475 shares during the last quarter. Bank of America Corp DE lifted its stake in San Juan Basin Royalty Trust by 83.8% in the fourth quarter. Bank of America Corp DE now owns 104,402 shares of the oil and gas producer's stock worth $400,000 after purchasing an additional 47,615 shares during the last quarter. Raymond James Financial Inc. bought a new stake in San Juan Basin Royalty Trust in the fourth quarter worth about $783,000. Ameriflex Group Inc. bought a new stake in San Juan Basin Royalty Trust in the fourth quarter worth about $226,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in San Juan Basin Royalty Trust in the first quarter worth about $1,540,000. Institutional investors own 10.42% of the company's stock.
San Juan Basin Royalty Trust Trading Down 1.8%
Shares of San Juan Basin Royalty Trust stock traded down $0.11 on Friday, hitting $5.77. 44,642 shares of the company traded hands, compared to its average volume of 265,928. The stock's 50 day moving average price is $6.29 and its 200-day moving average price is $5.51. 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 cap of $268.71 million, a PE ratio of 288.39 and a beta of 0.67.
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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