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

Moors & Cabot Inc. lifted its position in shares of 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 & Exchange Commission. The firm owned 88,400 shares of the oil and gas producer’s stock after acquiring an additional 9,450 shares during the quarter. Moors & Cabot Inc.’s holdings in San Juan Basin Royalty Trust were worth $359,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SJT. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of San Juan Basin Royalty Trust during the 1st quarter valued at approximately $7,061,000. Pingora Partners LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter valued at $1,449,000. Creekmur Asset Management LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the 4th quarter worth about $68,000. Aristides Capital LLC acquired a new position in San Juan Basin Royalty Trust in the 4th quarter valued at $149,000. Finally, Virtu Financial LLC grew its position in shares of San Juan Basin Royalty Trust by 140.3% in the fourth quarter. Virtu Financial LLC now owns 45,960 shares of the oil and gas producer’s stock valued at $233,000 after purchasing an additional 26,836 shares during the period. 10.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of 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 Stock Performance

Shares of NYSE:SJT opened at $3.57 on Friday. The business has a 50-day moving average of $3.67 and a two-hundred day moving average of $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 released its quarterly earnings data on Wednesday, August 14th. The oil and gas producer reported $0.02 earnings per share (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 during the quarter.

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.