11,000 Shares in San Juan Basin Royalty Trust (NYSE:SJT) Acquired by Americana Partners LLC

Americana Partners LLC bought a new position in shares of San Juan Basin Royalty Trust (NYSE:SJT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,000 shares of the oil and gas producer’s stock, valued at approximately $40,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of San Juan Basin Royalty Trust during the 1st quarter worth $7,061,000. Lesa Sroufe & Co acquired a new position in shares of San Juan Basin Royalty Trust in the 2nd quarter valued at $1,099,000. Atlas Wealth Partners LLC purchased a new position in San Juan Basin Royalty Trust in the 3rd quarter worth about $63,000. Mraz Amerine & Associates Inc. raised its holdings in San Juan Basin Royalty Trust by 5.3% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 206,566 shares of the oil and gas producer’s stock worth $835,000 after buying an additional 10,457 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in San Juan Basin Royalty Trust by 12.0% during the second quarter. Moors & Cabot Inc. now owns 88,400 shares of the oil and gas producer’s stock valued at $359,000 after buying an additional 9,450 shares in the last quarter. Institutional investors and hedge funds own 10.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th.

San Juan Basin Royalty Trust Stock Performance

SJT opened at $3.91 on Friday. San Juan Basin Royalty Trust has a 12-month low of $3.21 and a 12-month high of $7.48. The stock has a fifty day moving average of $3.72 and a 200-day moving average of $3.95.

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

About San Juan Basin Royalty Trust

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.