Pecaut & CO. Invests $38,000 in San Juan Basin Royalty Trust (NYSE:SJT)

Pecaut & CO. purchased a new stake in San Juan Basin Royalty Trust (NYSE:SJT) during the fourth quarter, HoldingsChannel reports. The firm purchased 10,000 shares of the oil and gas producer’s stock, valued at approximately $38,000.

Several other hedge funds have also added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC increased its holdings in shares of San Juan Basin Royalty Trust by 40.4% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,814,214 shares of the oil and gas producer’s stock valued at $6,948,000 after purchasing an additional 522,288 shares during the last quarter. Moors & Cabot Inc. lifted its stake 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 buying 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 about $2,686,000. Raymond James Financial Inc. acquired a new position in San Juan Basin Royalty Trust in the 4th quarter valued at about $783,000. Finally, Oxbow Advisors LLC bought a new position in San Juan Basin Royalty Trust in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Stock Down 0.9 %

Shares of SJT stock opened at $5.27 on Friday. San Juan Basin Royalty Trust has a 12-month low of $3.21 and a 12-month high of $5.70. The firm has a 50 day moving average price of $4.67 and a two-hundred day moving average price of $4.17. The company has a market capitalization of $245.63 million, a PE ratio of 19.52 and a beta of 0.84.

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.