San Juan Basin Royalty Trust $SJT Shares Purchased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC increased its holdings in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,231,144 shares of the oil and gas producer’s stock after purchasing an additional 619,163 shares during the quarter. San Juan Basin Royalty Trust accounts for about 0.5% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Horizon Kinetics Asset Management LLC owned approximately 13.37% of San Juan Basin Royalty Trust worth $35,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc increased its position in San Juan Basin Royalty Trust by 165.1% during the 4th quarter. Morse Asset Management Inc now owns 4,400 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 2,740 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in San Juan Basin Royalty Trust during the 3rd quarter worth approximately $42,000. V Square Quantitative Management LLC acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter worth approximately $64,000. Pekin Hardy Strauss Inc. acquired a new stake in San Juan Basin Royalty Trust during the 3rd quarter worth approximately $91,000. Finally, Boothbay Fund Management LLC acquired a new stake in San Juan Basin Royalty Trust during the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds own 10.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, San Juan Basin Royalty Trust currently has a consensus rating of “Sell”.

San Juan Basin Royalty Trust Stock Down 5.8%

NYSE SJT opened at $3.52 on Wednesday. The stock has a market cap of $164.25 million, a PE ratio of -352.40 and a beta of 0.54. San Juan Basin Royalty Trust has a fifty-two week low of $3.47 and a fifty-two week high of $7.00. The business has a 50 day moving average price of $4.31 and a two-hundred day moving average price of $5.12.

San Juan Basin Royalty Trust (NYSE:SJT) last released its quarterly earnings results on Thursday, May 14th. The oil and gas producer reported ($0.01) earnings per share for the quarter.

San Juan Basin Royalty Trust Profile

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.