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

Moors & Cabot Inc. raised its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 33.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,950 shares of the oil and gas producer’s stock after acquiring an additional 29,550 shares during the quarter. Moors & Cabot Inc. owned approximately 0.25% of San Juan Basin Royalty Trust worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of San Juan Basin Royalty Trust by 270.0% in the 3rd quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 5,400 shares during the period. Mraz Amerine & Associates Inc. lifted its position in shares of San Juan Basin Royalty Trust by 5.3% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 206,566 shares of the oil and gas producer’s stock valued at $835,000 after buying an additional 10,457 shares during the last quarter. Meixler Investment Management Ltd. grew its stake in shares of San Juan Basin Royalty Trust by 11.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 3,800 shares during the period. Americana Partners LLC purchased a new stake in San Juan Basin Royalty Trust in the 3rd quarter worth about $40,000. Finally, Atlas Wealth Partners LLC bought a new stake in San Juan Basin Royalty Trust in the 3rd quarter valued at about $63,000. 10.42% of the stock is currently owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Stock Performance

NYSE:SJT opened at $4.10 on Friday. San Juan Basin Royalty Trust has a 1 year low of $3.21 and a 1 year high of $7.22. The stock’s fifty day moving average price is $3.91 and its two-hundred day moving average price is $3.90.

Wall Street Analysts Forecast Growth

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 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.