Moors & Cabot Inc. Boosts Stake in San Juan Basin Royalty Trust $SJT

Moors & Cabot Inc. grew its position in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 21.2% during the fourth quarter, Holdings Channel reports. The fund owned 736,300 shares of the oil and gas producer’s stock after purchasing an additional 128,850 shares during the period. Moors & Cabot Inc.’s holdings in San Juan Basin Royalty Trust were worth $4,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC grew its stake in shares of San Juan Basin Royalty Trust by 20.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 770,224 shares of the oil and gas producer’s stock worth $4,329,000 after buying an additional 132,517 shares during the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in shares of San Juan Basin Royalty Trust in the 3rd quarter worth approximately $2,680,000. Raymond James Financial Inc. raised its position in shares of San Juan Basin Royalty Trust by 13.6% in the 2nd quarter. Raymond James Financial Inc. now owns 338,062 shares of the oil and gas producer’s stock worth $2,022,000 after purchasing an additional 40,363 shares during the last quarter. Advisory Services Network LLC raised its position in shares of San Juan Basin Royalty Trust by 392.2% in the 2nd quarter. Advisory Services Network LLC now owns 237,397 shares of the oil and gas producer’s stock worth $1,436,000 after purchasing an additional 189,170 shares during the last quarter. Finally, Financial Sense Advisors Inc. purchased a new position in shares of San Juan Basin Royalty Trust in the 3rd quarter worth about $844,000. Hedge funds and other institutional investors own 10.42% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, San Juan Basin Royalty Trust presently has an average rating of “Sell”.

San Juan Basin Royalty Trust Trading Down 1.4%

Shares of SJT opened at $4.00 on Friday. The business’s fifty day simple moving average is $4.53 and its two-hundred day simple moving average is $5.25. San Juan Basin Royalty Trust has a 12 month low of $3.98 and a 12 month high of $7.00. The company has a market cap of $186.21 million, a price-to-earnings ratio of -399.50 and a beta of 0.58.

San Juan Basin Royalty Trust (NYSE:SJT) last issued its earnings results on Thursday, May 14th. The oil and gas producer reported ($0.01) EPS for the quarter.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.