Kingstone Capital Partners Texas LLC Invests $69.96 Million in San Juan Basin Royalty Trust $SJT

Key Points

• Kingstone Capital Partners Texas LLC has acquired a significant 11,698,140 shares of San Juan Basin Royalty Trust, representing 25.10% ownership worth approximately $69.95 million.
• Other institutional investors have also increased their stakes in San Juan Basin Royalty Trust, with notable increases such as RR Advisors LLC growing its holdings by 190.9%.
• The stock of San Juan Basin Royalty Trust is currently trading at $5.76, down 1.3%, with a 52-week trading range of $3.43 to $7.22.

Kingstone Capital Partners Texas LLC acquired a new position in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,698,140 shares of the oil and gas producer's stock, valued at approximately $69,955,000. Kingstone Capital Partners Texas LLC owned approximately 25.10% of San Juan Basin Royalty Trust at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principia Wealth Advisory LLC boosted its stake in San Juan Basin Royalty Trust by 3,003.3% in the first quarter. Principia Wealth Advisory LLC now owns 653,767 shares of the oil and gas producer's stock worth $3,354,000 after purchasing an additional 632,700 shares in the last quarter. RR Advisors LLC lifted its position in shares of San Juan Basin Royalty Trust by 190.9% in the first quarter. RR Advisors LLC now owns 416,000 shares of the oil and gas producer's stock valued at $2,301,000 after buying an additional 273,000 shares during the last quarter. Lesa Sroufe & Co acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter worth approximately $1,771,000. Kingswood Wealth Advisors LLC acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter worth approximately $1,540,000. Finally, Financial Sense Advisors Inc. bought a new position in shares of San Juan Basin Royalty Trust in the 1st quarter valued at $802,000. Institutional investors and hedge funds own 10.42% of the company's stock.

San Juan Basin Royalty Trust Trading Down 1.3%

Shares of SJT traded down $0.08 during midday trading on Friday, hitting $5.76. The company's stock had a trading volume of 96,787 shares, compared to its average volume of 181,180. San Juan Basin Royalty Trust has a one year low of $3.43 and a one year high of $7.22. The company's fifty day simple moving average is $5.83 and its two-hundred day simple moving average is $5.89.

San Juan Basin Royalty Trust Profile

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.