Moors & Cabot Inc. Purchases 222,500 Shares of San Juan Basin Royalty Trust $SJT

Moors & Cabot Inc. increased its position in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 371.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,350 shares of the oil and gas producer’s stock after acquiring an additional 222,500 shares during the quarter. Moors & Cabot Inc.’s holdings in San Juan Basin Royalty Trust were worth $1,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in San Juan Basin Royalty Trust during the 1st quarter worth approximately $35,000. Fonville Wealth Management LLC bought a new position in San Juan Basin Royalty Trust during the 1st quarter worth approximately $102,000. Atlas Wealth Partners LLC boosted its stake in San Juan Basin Royalty Trust by 21.2% during the 1st quarter. Atlas Wealth Partners LLC now owns 24,300 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 4,250 shares during the last quarter. Delta Investment Management LLC increased its stake in San Juan Basin Royalty Trust by 467.0% during the 2nd quarter. Delta Investment Management LLC now owns 61,868 shares of the oil and gas producer’s stock worth $369,000 after purchasing an additional 50,957 shares in the last quarter. Finally, State of Wyoming increased its stake in San Juan Basin Royalty Trust by 36.5% during the 1st quarter. State of Wyoming now owns 78,628 shares of the oil and gas producer’s stock worth $435,000 after purchasing an additional 21,012 shares in the last quarter. Institutional investors own 10.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, San Juan Basin Royalty Trust has an average rating of “Sell”.

San Juan Basin Royalty Trust Price Performance

NYSE SJT opened at $6.02 on Thursday. The business has a 50 day simple moving average of $5.83 and a 200 day simple moving average of $6.03. San Juan Basin Royalty Trust has a 52-week low of $3.66 and a 52-week high of $7.22.

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.