Virtu Financial LLC acquired a new stake in shares of San Juan Basin Royalty Trust (NYSE:SJT – Free Report) during the 3rd quarter, Holdings Channel reports. The firm acquired 40,651 shares of the oil and gas producer’s stock, valued at approximately $150,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in SJT. Mountaineer Partners Management LLC increased its position in San Juan Basin Royalty Trust by 260.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 2,660,500 shares of the oil and gas producer’s stock valued at $9,844,000 after buying an additional 1,922,570 shares in the last quarter. Ingalls & Snyder LLC grew its stake in San Juan Basin Royalty Trust by 60.0% in the third quarter. Ingalls & Snyder LLC now owns 55,694 shares of the oil and gas producer’s stock valued at $206,000 after acquiring an additional 20,896 shares during the period. Horizon Kinetics Asset Management LLC raised its position in shares of San Juan Basin Royalty Trust by 23.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 1,291,926 shares of the oil and gas producer’s stock worth $4,780,000 after purchasing an additional 242,871 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of San Juan Basin Royalty Trust by 33.4% in the 3rd quarter. Moors & Cabot Inc. now owns 117,950 shares of the oil and gas producer’s stock worth $436,000 after purchasing an additional 29,550 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in San Juan Basin Royalty Trust in the 3rd quarter valued at $34,000. Institutional investors own 10.42% of the company’s stock.
San Juan Basin Royalty Trust Trading Down 6.6 %
SJT opened at $3.81 on Thursday. San Juan Basin Royalty Trust has a 1-year low of $3.21 and a 1-year high of $5.81. The company has a market cap of $177.58 million, a price-to-earnings ratio of 14.11 and a beta of 0.83. The company’s fifty day moving average price is $4.06 and its two-hundred day moving average price is $3.89.
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.
Recommended Stories
- Five stocks we like better than San Juan Basin Royalty Trust
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Novo Nordisk: A New Boost for GLP-1 Sales on the Horizon
- Insider Buying Explained: What Investors Need to Know
- Why Now Is the Ultimate Time to Invest in Oil Stocks
- Investing in Construction Stocks
- Q4’s Most Upgraded Stocks: Promising Buys for 2025
Want to see what other hedge funds are holding SJT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for San Juan Basin Royalty Trust (NYSE:SJT – Free Report).
Receive News & Ratings for San Juan Basin Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for San Juan Basin Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.