San Juan Basin Royalty Trust (NYSE:SJT) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 75.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,750 shares of the oil and gas producer’s stock after purchasing an additional 88,800 shares during the quarter. Moors & Cabot Inc. owned 0.44% of San Juan Basin Royalty Trust worth $792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth $2,686,000. Raymond James Financial Inc. purchased a new stake in San Juan Basin Royalty Trust during the 4th quarter worth $783,000. Oxbow Advisors LLC acquired a new position in San Juan Basin Royalty Trust in the 4th quarter worth $43,000. Private Advisor Group LLC purchased a new position in San Juan Basin Royalty Trust in the 4th quarter valued at about $102,000. Finally, Atlas Wealth Partners LLC grew its stake in shares of San Juan Basin Royalty Trust by 16.4% during the fourth quarter. Atlas Wealth Partners LLC now owns 20,050 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 2,825 shares in the last quarter. Hedge funds and other institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Stock Performance

Shares of NYSE SJT opened at $5.25 on Friday. San Juan Basin Royalty Trust has a 1 year low of $3.21 and a 1 year high of $5.76. The stock’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.12. The firm has a market cap of $244.88 million, a price-to-earnings ratio of 19.46 and a beta of 0.84.

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.