RR Advisors LLC increased its holdings in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 190.9% in the 1st quarter, according to its most recent 13F filing with the SEC. 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 comprises approximately 0.5% of RR Advisors LLC's holdings, making the stock its 23rd biggest position. RR Advisors LLC owned 0.89% of San Juan Basin Royalty Trust worth $2,301,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth about $783,000. Mariner LLC bought a new position in San Juan Basin Royalty Trust in the 4th quarter worth about $40,000. XTX Topco Ltd acquired a new stake in shares of San Juan Basin Royalty Trust in the fourth quarter valued at approximately $75,000. OneDigital Investment Advisors LLC bought a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter valued at approximately $109,000. Finally, Pingora Partners LLC boosted its position in shares of San Juan Basin Royalty Trust by 0.8% during the fourth quarter. Pingora Partners LLC now owns 279,688 shares of the oil and gas producer's stock worth $1,071,000 after buying an additional 2,300 shares during the period. 10.42% of the stock is currently owned by institutional investors.
San Juan Basin Royalty Trust Stock Up 3.0%
SJT traded up $0.17 during trading hours on Wednesday, hitting $5.87. The company's stock had a trading volume of 194,636 shares, compared to its average volume of 258,622. San Juan Basin Royalty Trust has a fifty-two week low of $3.21 and a fifty-two week high of $7.22. The company has a 50-day simple moving average of $6.02 and a 200 day simple moving average of $5.71.
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.
Read More
Before you consider San Juan Basin Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and San Juan Basin Royalty Trust wasn't on the list.
While San Juan Basin Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
