RR Advisors LLC Buys 273,000 Shares of San Juan Basin Royalty Trust $SJT

Key Points

• RR Advisors LLC significantly increased its stake in San Juan Basin Royalty Trust by 190.9% during the first quarter, purchasing an additional 273,000 shares to total 416,000 shares.
• Other institutional investors also raised their positions in San Juan Basin Royalty Trust, with notable increases such as a 305.8% increase by Cambridge Investment Research Advisors Inc.
• As of the latest trading session, shares of San Juan Basin Royalty Trust opened at $5.66, with a 12-month low of $3.21 and a high of $7.22.

RR Advisors LLC grew its position in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 190.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 416,000 shares of the oil and gas producer's stock after buying an additional 273,000 shares during the period. San Juan Basin Royalty Trust makes up 0.5% of RR Advisors LLC's portfolio, making the stock its 23rd largest position. RR Advisors LLC owned approximately 0.89% of San Juan Basin Royalty Trust worth $2,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SJT. Financial Gravity Asset Management Inc. bought a new stake in shares of San Juan Basin Royalty Trust in the 1st quarter valued at about $35,000. Mariner LLC bought a new position in San Juan Basin Royalty Trust in the 4th quarter valued at about $40,000. Westfuller Advisors LLC bought a new position in San Juan Basin Royalty Trust in the 1st quarter valued at about $63,000. Morse Asset Management Inc acquired a new position in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $66,000. Finally, XTX Topco Ltd acquired a new position in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $75,000. Institutional investors and hedge funds own 10.42% of the company's stock.

San Juan Basin Royalty Trust Stock Performance

Shares of NYSE:SJT traded up $0.12 on Friday, reaching $5.77. 174,346 shares of the company's stock were exchanged, compared to its average volume of 200,997. The company has a fifty day moving average of $6.05 and a 200-day moving average of $5.69. San Juan Basin Royalty Trust has a twelve month low of $3.21 and a twelve month high of $7.22.

San Juan Basin Royalty Trust Company 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.