Horizon Kinetics Asset Management LLC Grows Stock Position in San Juan Basin Royalty Trust $SJT

Horizon Kinetics Asset Management LLC boosted its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,231,144 shares of the oil and gas producer’s stock after acquiring an additional 619,163 shares during the quarter. San Juan Basin Royalty Trust comprises about 0.5% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 25th largest holding. Horizon Kinetics Asset Management LLC owned approximately 0.13% of San Juan Basin Royalty Trust worth $35,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SJT. Punch & Associates Investment Management Inc. purchased a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at approximately $2,680,000. Moors & Cabot Inc. boosted its stake in shares of San Juan Basin Royalty Trust by 115.1% during the 3rd quarter. Moors & Cabot Inc. now owns 607,450 shares of the oil and gas producer’s stock valued at $3,669,000 after buying an additional 325,100 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of San Juan Basin Royalty Trust by 392.2% during the 2nd quarter. Advisory Services Network LLC now owns 237,397 shares of the oil and gas producer’s stock valued at $1,436,000 after buying an additional 189,170 shares during the last quarter. Financial Sense Advisors Inc. purchased a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at approximately $844,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in shares of San Juan Basin Royalty Trust by 20.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 770,224 shares of the oil and gas producer’s stock valued at $4,329,000 after buying an additional 132,517 shares during the last quarter. 10.42% of the stock is currently owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Trading Down 5.8%

San Juan Basin Royalty Trust stock opened at $3.52 on Wednesday. The stock has a 50 day moving average of $4.31 and a 200-day moving average of $5.12. San Juan Basin Royalty Trust has a 52 week low of $3.47 and a 52 week high of $7.00. The stock has a market cap of $164.25 million, a P/E ratio of -352.40 and a beta of 0.54.

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

Analyst Upgrades and Downgrades

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

San Juan Basin Royalty Trust 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.