Summit Asset Management LLC lowered its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 27.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,000 shares of the oil and gas producer’s stock after selling 6,000 shares during the quarter. Summit Asset Management LLC’s holdings in San Juan Basin Royalty Trust were worth $86,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SJT. Lesa Sroufe & Co acquired a new position in shares of San Juan Basin Royalty Trust in the first quarter valued at approximately $66,000. Advisory Services Network LLC boosted its holdings in shares of San Juan Basin Royalty Trust by 20.5% in the fourth quarter. Advisory Services Network LLC now owns 47,031 shares of the oil and gas producer’s stock valued at $226,000 after buying an additional 7,998 shares during the period. Mraz Amerine & Associates Inc. boosted its holdings in shares of San Juan Basin Royalty Trust by 10.1% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 153,092 shares of the oil and gas producer’s stock valued at $735,000 after buying an additional 14,000 shares during the period. Prescott Group Capital Management L.L.C. boosted its holdings in shares of San Juan Basin Royalty Trust by 83.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 44,000 shares of the oil and gas producer’s stock valued at $211,000 after buying an additional 20,000 shares during the period. Finally, Wealthsource Partners LLC boosted its holdings in shares of San Juan Basin Royalty Trust by 15.4% in the fourth quarter. Wealthsource Partners LLC now owns 130,666 shares of the oil and gas producer’s stock valued at $627,000 after buying an additional 17,446 shares during the period. Institutional investors own 19.28% of the company’s stock.

Separately, TheStreet cut shares of San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a report on Thursday, May 2nd.

SJT traded up $0.01 during trading hours on Thursday, hitting $4.18. 2,152 shares of the company’s stock were exchanged, compared to its average volume of 146,488. San Juan Basin Royalty Trust has a 1-year low of $3.84 and a 1-year high of $7.32.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th were issued a dividend of $0.016 per share. This represents a $0.06 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, April 29th.

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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 carved out of Southland's oil and natural gas interests (the subject interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 828.1 net wells.

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Institutional Ownership by Quarter for San Juan Basin Royalty Trust (NYSE:SJT)

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