Horizon Kinetics Asset Management LLC Grows Holdings in San Juan Basin Royalty Trust (NYSE:SJT)

Horizon Kinetics Asset Management LLC boosted its holdings in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,291,926 shares of the oil and gas producer’s stock after acquiring an additional 242,871 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in San Juan Basin Royalty Trust were worth $4,780,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SJT. International Assets Investment Management LLC lifted its holdings in shares of San Juan Basin Royalty Trust by 270.0% during the third quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 5,400 shares during the last quarter. Moors & Cabot Inc. raised its stake 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 valued at $359,000 after buying an additional 9,450 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its holdings in 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 worth $835,000 after acquiring an additional 10,457 shares in the last quarter. Americana Partners LLC purchased a new stake in shares of San Juan Basin Royalty Trust in the third quarter worth $40,000. Finally, Meixler Investment Management Ltd. increased its holdings in shares of San Juan Basin Royalty Trust by 11.7% during the third quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer’s stock valued at $134,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors own 10.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut 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

Shares of SJT opened at $4.10 on Monday. San Juan Basin Royalty Trust has a twelve month low of $3.21 and a twelve month high of $7.15. The firm has a 50 day moving average of $3.91 and a 200 day moving average of $3.89.

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.