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

Moors & Cabot Inc. raised its holdings in San Juan Basin Royalty Trust (NYSE:SJT) by 12.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,400 shares of the oil and gas producer’s stock after buying an additional 9,450 shares during the period. Moors & Cabot Inc.’s holdings in San Juan Basin Royalty Trust were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SJT. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of San Juan Basin Royalty Trust during the 1st quarter worth approximately $7,061,000. Pingora Partners LLC purchased a new stake in San Juan Basin Royalty Trust in the fourth quarter valued at $1,449,000. Lesa Sroufe & Co acquired a new position in San Juan Basin Royalty Trust in the second quarter valued at $1,099,000. Aristides Capital LLC purchased a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth about $149,000. Finally, Virtu Financial LLC increased its position in shares of San Juan Basin Royalty Trust by 140.3% during the fourth quarter. Virtu Financial LLC now owns 45,960 shares of the oil and gas producer’s stock worth $233,000 after purchasing an additional 26,836 shares in the last quarter. 10.42% of the stock is owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Stock Down 0.6 %

Shares of San Juan Basin Royalty Trust stock opened at $3.57 on Friday. The firm’s fifty day simple moving average is $3.67 and its 200-day simple moving average is $4.27. San Juan Basin Royalty Trust has a 12 month low of $3.21 and a 12 month high of $7.85.

San Juan Basin Royalty Trust (NYSE:SJT) last posted its quarterly earnings data on Wednesday, August 14th. The oil and gas producer reported $0.02 EPS for the quarter. San Juan Basin Royalty Trust had a net margin of 82.97% and a return on equity of 466.64%. The company had revenue of $1.89 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

San Juan Basin Royalty Trust 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.