Principia Wealth Advisory LLC boosted its stake in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 3,003.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 653,767 shares of the oil and gas producer's stock after purchasing an additional 632,700 shares during the quarter. San Juan Basin Royalty Trust comprises about 3.1% of Principia Wealth Advisory LLC's investment portfolio, making the stock its 12th largest holding. Principia Wealth Advisory LLC owned about 1.40% of San Juan Basin Royalty Trust worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cannell Capital LLC increased its holdings in San Juan Basin Royalty Trust by 32.0% in the fourth quarter. Cannell Capital LLC now owns 1,830,244 shares of the oil and gas producer's stock valued at $7,010,000 after purchasing an additional 443,604 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in San Juan Basin Royalty Trust by 40.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,814,214 shares of the oil and gas producer's stock valued at $6,948,000 after purchasing an additional 522,288 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in San Juan Basin Royalty Trust in the fourth quarter valued at about $2,686,000. Pingora Partners LLC increased its holdings in San Juan Basin Royalty Trust by 0.8% in 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 last quarter. Finally, Moors & Cabot Inc. increased its holdings in San Juan Basin Royalty Trust by 75.3% in the fourth 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 during the last quarter. Institutional investors own 10.42% of the company's stock.
San Juan Basin Royalty Trust Stock Performance
NYSE:SJT traded up $0.11 on Tuesday, reaching $6.39. The company's stock had a trading volume of 253,742 shares, compared to its average volume of 239,581. San Juan Basin Royalty Trust has a 1-year low of $3.21 and a 1-year high of $7.22. The firm has a market cap of $297.83 million, a PE ratio of 23.67 and a beta of 0.69. The business's 50-day moving average price is $6.05 and its two-hundred day moving average price is $5.06.
San Juan Basin Royalty Trust Profile
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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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