Delta Investment Management LLC Buys 50,957 Shares of San Juan Basin Royalty Trust $SJT

Delta Investment Management LLC raised its holdings in San Juan Basin Royalty Trust (NYSE:SJT) by 467.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,868 shares of the oil and gas producer’s stock after acquiring an additional 50,957 shares during the quarter. Delta Investment Management LLC’s holdings in San Juan Basin Royalty Trust were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Lesa Sroufe & Co grew its position in San Juan Basin Royalty Trust by 5.1% in the 2nd quarter. Lesa Sroufe & Co now owns 336,644 shares of the oil and gas producer’s stock valued at $2,013,000 after acquiring an additional 16,315 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in San Juan Basin Royalty Trust by 74.1% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 485,815 shares of the oil and gas producer’s stock valued at $2,900,000 after acquiring an additional 206,780 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in San Juan Basin Royalty Trust in the 2nd quarter valued at $69,955,000. State of Wyoming grew its position in San Juan Basin Royalty Trust by 36.5% in the 1st quarter. State of Wyoming now owns 78,628 shares of the oil and gas producer’s stock valued at $435,000 after acquiring an additional 21,012 shares during the last quarter. Finally, RR Advisors LLC grew its position in San Juan Basin Royalty Trust by 190.9% in the 1st quarter. RR Advisors LLC now owns 416,000 shares of the oil and gas producer’s stock valued at $2,301,000 after acquiring an additional 273,000 shares during the last quarter. Institutional investors own 10.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research report on Friday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

San Juan Basin Royalty Trust Trading Down 1.2%

Shares of SJT stock opened at $5.46 on Monday. San Juan Basin Royalty Trust has a twelve month low of $3.66 and a twelve month high of $7.22. The stock has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $6.01.

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.