Significant Wealth Partners LLC Buys New Shares in San Juan Basin Royalty Trust (NYSE:SJT)

Significant Wealth Partners LLC acquired a new stake in San Juan Basin Royalty Trust (NYSE:SJT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 584,526 shares of the oil and gas producer's stock, valued at approximately $2,964,000. San Juan Basin Royalty Trust comprises approximately 2.2% of Significant Wealth Partners LLC's holdings, making the stock its 10th biggest position. Significant Wealth Partners LLC owned approximately 1.25% of San Juan Basin Royalty Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highlander Capital Management LLC grew its holdings in shares of San Juan Basin Royalty Trust by 40.0% during the fourth quarter. Highlander Capital Management LLC now owns 7,000 shares of the oil and gas producer's stock valued at $36,000 after purchasing an additional 2,000 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of San Juan Basin Royalty Trust by 15.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 10,661 shares of the oil and gas producer's stock valued at $74,000 after purchasing an additional 1,463 shares during the last quarter. Ingalls & Snyder LLC bought a new position in shares of San Juan Basin Royalty Trust during the third quarter valued at approximately $114,000. PFG Investments LLC grew its holdings in shares of San Juan Basin Royalty Trust by 14.1% during the third quarter. PFG Investments LLC now owns 25,155 shares of the oil and gas producer's stock valued at $174,000 after purchasing an additional 3,100 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of San Juan Basin Royalty Trust by 33.5% during the fourth quarter. International Assets Investment Management LLC now owns 27,153 shares of the oil and gas producer's stock valued at $138,000 after purchasing an additional 6,808 shares during the last quarter. 10.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, TheStreet lowered San Juan Basin Royalty Trust from a "b-" rating to a "c+" rating in a report on Monday, February 12th.

San Juan Basin Royalty Trust Price Performance

SJT stock traded down $0.22 on Monday, reaching $4.33. The company's stock had a trading volume of 477,634 shares, compared to its average volume of 347,647. San Juan Basin Royalty Trust has a 52 week low of $4.28 and a 52 week high of $9.50. The company has a market capitalization of $201.59 million, a P/E ratio of 3.93 and a beta of 0.77. The firm has a fifty day moving average of $5.25 and a two-hundred day moving average of $5.82.

San Juan Basin Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a $0.0229 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date is Monday, April 29th. San Juan Basin Royalty Trust's dividend payout ratio (DPR) is 45.45%.

About San Juan Basin Royalty Trust

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.