Lesa Sroufe & Co bought a new position in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 320,329 shares of the oil and gas producer's stock, valued at approximately $1,771,000. San Juan Basin Royalty Trust comprises approximately 1.8% of Lesa Sroufe & Co's investment portfolio, making the stock its 24th biggest position. Lesa Sroufe & Co owned 0.69% of San Juan Basin Royalty Trust at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pecaut & CO. bought a new position in San Juan Basin Royalty Trust in the fourth quarter worth approximately $38,000. Mariner LLC bought a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at approximately $40,000. Oxbow Advisors LLC bought 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 San Juan Basin Royalty Trust in the 4th quarter worth $44,000. Finally, Morse Asset Management Inc purchased a new stake in shares of San Juan Basin Royalty Trust in the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 10.42% of the company's stock.
San Juan Basin Royalty Trust Stock Down 8.5%
NYSE SJT traded down $0.56 during trading on Friday, hitting $6.02. 393,675 shares of the stock traded hands, compared to its average volume of 235,223. San Juan Basin Royalty Trust has a 12-month low of $3.21 and a 12-month high of $7.22. The firm has a 50-day simple moving average of $6.28 and a 200-day simple moving average of $5.17. The company has a market capitalization of $280.59 million, a P/E ratio of 301.15 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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