Raymond James Financial Inc. Buys New Shares in San Juan Basin Royalty Trust (NYSE:SJT)

Raymond James Financial Inc. bought a new position in San Juan Basin Royalty Trust (NYSE:SJT) in the fourth quarter, Holdings Channel.com reports. The firm bought 204,497 shares of the oil and gas producer’s stock, valued at approximately $783,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SJT. Virtu Financial LLC purchased a new stake in San Juan Basin Royalty Trust during the 3rd quarter valued at about $150,000. Clear Harbor Asset Management LLC acquired a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth about $147,000. Private Advisor Group LLC purchased a new stake in San Juan Basin Royalty Trust in the fourth quarter valued at approximately $102,000. Atlas Wealth Partners LLC increased its holdings in San Juan Basin Royalty Trust by 16.4% in the 4th quarter. Atlas Wealth Partners LLC now owns 20,050 shares of the oil and gas producer’s stock worth $77,000 after buying an additional 2,825 shares during the period. Finally, Oxbow Advisors LLC purchased a new position in San Juan Basin Royalty Trust during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Trading Down 4.3 %

Shares of NYSE SJT opened at $5.02 on Friday. The company has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $4.34. The stock has a market cap of $234.16 million, a price-to-earnings ratio of 18.61 and a beta of 0.84. San Juan Basin Royalty Trust has a 12 month low of $3.21 and a 12 month high of $5.79.

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.