San Juan Basin Royalty Trust (NYSE:SJT) Shares Sold by Delta Investment Management LLC

Delta Investment Management LLC trimmed its holdings in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 63.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,911 shares of the oil and gas producer’s stock after selling 19,284 shares during the period. Delta Investment Management LLC’s holdings in San Juan Basin Royalty Trust were worth $44,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in San Juan Basin Royalty Trust in the first quarter worth $7,061,000. Lesa Sroufe & Co purchased a new position in shares of San Juan Basin Royalty Trust in the 2nd quarter valued at about $1,099,000. Mraz Amerine & Associates Inc. lifted its stake in shares of San Juan Basin Royalty Trust by 5.3% in the second quarter. Mraz Amerine & Associates Inc. now owns 206,566 shares of the oil and gas producer’s stock valued at $835,000 after purchasing an additional 10,457 shares during the period. Moors & Cabot Inc. boosted its holdings 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 worth $359,000 after buying an additional 9,450 shares in the last quarter. Finally, Virtu Financial LLC grew its position in San Juan Basin Royalty Trust by 140.3% during the fourth quarter. Virtu Financial LLC now owns 45,960 shares of the oil and gas producer’s stock worth $233,000 after buying an additional 26,836 shares during the period. 10.42% of the stock is owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Stock Performance

SJT opened at $3.89 on Friday. The company has a market cap of $181.31 million, a price-to-earnings ratio of 9.26 and a beta of 0.80. San Juan Basin Royalty Trust has a one year low of $3.21 and a one year high of $7.85. The business’s fifty day moving average is $3.64 and its two-hundred day moving average is $4.22.

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 EPS for the quarter. The business had revenue of $1.89 million for the quarter. San Juan Basin Royalty Trust had a net margin of 82.97% and a return on equity of 466.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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 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.