Pecaut & CO. Buys New Shares in San Juan Basin Royalty Trust (NYSE:SJT)

Pecaut & CO. purchased a new position in shares of San Juan Basin Royalty Trust (NYSE:SJT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,000 shares of the oil and gas producer’s stock, valued at approximately $38,000.

A number of other large investors also recently modified their holdings of SJT. Horizon Kinetics Asset Management LLC raised its holdings in San Juan Basin Royalty Trust by 40.4% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,814,214 shares of the oil and gas producer’s stock worth $6,948,000 after acquiring an additional 522,288 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of San Juan Basin Royalty Trust by 75.3% during the 4th quarter. Moors & Cabot Inc. now owns 206,750 shares of the oil and gas producer’s stock worth $792,000 after purchasing an additional 88,800 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $2,686,000. Raymond James Financial Inc. acquired a new stake in shares of San Juan Basin Royalty Trust in the 4th quarter valued at approximately $783,000. Finally, Oxbow Advisors LLC bought a new position in shares of San Juan Basin Royalty Trust in the fourth quarter valued at $43,000. 10.42% of the stock is currently owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Trading Down 0.9 %

Shares of SJT opened at $5.27 on Friday. The company has a market cap of $245.63 million, a price-to-earnings ratio of 19.52 and a beta of 0.84. The company’s fifty day simple moving average is $4.67 and its 200 day simple moving average is $4.17. San Juan Basin Royalty Trust has a 1-year low of $3.21 and a 1-year high of $5.70.

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 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.