Moors & Cabot Inc. Raises Stock Holdings in San Juan Basin Royalty Trust (NYSE:SJT)

Moors & Cabot Inc. raised its stake in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 33.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 117,950 shares of the oil and gas producer’s stock after purchasing an additional 29,550 shares during the period. Moors & Cabot Inc.’s holdings in San Juan Basin Royalty Trust were worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lesa Sroufe & Co purchased a new position in San Juan Basin Royalty Trust in the second quarter worth $1,099,000. Mraz Amerine & Associates Inc. boosted its holdings in shares of San Juan Basin Royalty Trust by 5.3% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 206,566 shares of the oil and gas producer’s stock worth $835,000 after purchasing an additional 10,457 shares in the last quarter. Atlas Wealth Partners LLC bought a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter valued at about $63,000. International Assets Investment Management LLC raised its holdings in shares of San Juan Basin Royalty Trust by 270.0% during the 3rd quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 5,400 shares in the last quarter. Finally, Americana Partners LLC bought a new stake in San Juan Basin Royalty Trust in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 10.42% of the company’s stock.

Analysts Set New Price Targets

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 Price Performance

San Juan Basin Royalty Trust stock opened at $4.10 on Friday. The firm has a fifty day simple moving average of $3.91 and a two-hundred day simple moving average of $3.90. San Juan Basin Royalty Trust has a twelve month low of $3.21 and a twelve month high of $7.22.

San Juan Basin Royalty Trust 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.