Moors & Cabot Inc. Acquires 128,850 Shares of San Juan Basin Royalty Trust $SJT

Moors & Cabot Inc. increased its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 736,300 shares of the oil and gas producer’s stock after acquiring an additional 128,850 shares during the period. Moors & Cabot Inc. owned about 1.58% of San Juan Basin Royalty Trust worth $4,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Morse Asset Management Inc lifted its stake in shares of San Juan Basin Royalty Trust by 165.1% in the 4th quarter. Morse Asset Management Inc now owns 4,400 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 2,740 shares during the last quarter. Greenfield Seitz Capital Management LLC lifted its stake in shares of San Juan Basin Royalty Trust by 6.6% in the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 53,100 shares of the oil and gas producer’s stock valued at $321,000 after acquiring an additional 3,300 shares during the last quarter. Delta Investment Management LLC lifted its stake in shares of San Juan Basin Royalty Trust by 7.1% in the 4th quarter. Delta Investment Management LLC now owns 64,565 shares of the oil and gas producer’s stock valued at $363,000 after acquiring an additional 4,257 shares during the last quarter. Atlas Wealth Partners LLC lifted its stake in shares of San Juan Basin Royalty Trust by 15.7% in the 4th quarter. Atlas Wealth Partners LLC now owns 40,656 shares of the oil and gas producer’s stock valued at $228,000 after acquiring an additional 5,506 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of San Juan Basin Royalty Trust in the 3rd quarter valued at about $42,000. Institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Stock Down 1.4%

Shares of SJT stock opened at $4.00 on Friday. The stock has a fifty day moving average of $4.53 and a 200 day moving average of $5.25. San Juan Basin Royalty Trust has a 52 week low of $3.98 and a 52 week high of $7.00. The firm has a market capitalization of $186.21 million, a price-to-earnings ratio of -399.50 and a beta of 0.58.

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

Wall Street Analysts Forecast Growth

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

San Juan Basin Royalty Trust Company 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.