Moors & Cabot Inc. Has $1.69 Million Stock Position in San Juan Basin Royalty Trust $SJT
Moors & Cabot Inc. increased its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 371.8% in Q2, owning 282,350 shares worth $1.69 million. Other institutional investors also adjusted their positions, with a consensus rating of "Sell" for the stock. San Juan Basin Royalty Trust operates in Texas, holding a 75% net overriding royalty interest in oil and gas properties in New Mexico. The stock opened at $6.02, with a 1-year range of $3.66 to $7.22.
Moors & Cabot Inc. increased its stake in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 371.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,350 shares of the oil and gas producer's stock after buying an additional 222,500 shares during the period. Moors & Cabot Inc. owned 0.61% of San Juan Basin Royalty Trust worth $1,688,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC lifted its position in San Juan Basin Royalty Trust by 0.3% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 641,226 shares of the oil and gas producer's stock worth $3,835,000 after buying an additional 1,983 shares in the last quarter. Atlas Wealth Partners LLC lifted its position in San Juan Basin Royalty Trust by 21.2% during the 1st quarter. Atlas Wealth Partners LLC now owns 24,300 shares of the oil and gas producer's stock worth $134,000 after buying an additional 4,250 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in San Juan Basin Royalty Trust during the 1st quarter worth about $35,000. Lesa Sroufe & Co lifted its position in San Juan Basin Royalty Trust by 5.1% during the 2nd quarter. Lesa Sroufe & Co now owns 336,644 shares of the oil and gas producer's stock worth $2,013,000 after buying an additional 16,315 shares in the last quarter. Finally, Fonville Wealth Management LLC acquired a new position in San Juan Basin Royalty Trust during the 1st quarter worth about $102,000. Institutional investors and hedge funds own 10.42% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of San Juan Basin Royalty Trust in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".
Get Our Latest Analysis on San Juan Basin Royalty Trust
San Juan Basin Royalty Trust Stock Performance
San Juan Basin Royalty Trust stock opened at $6.02 on Thursday. San Juan Basin Royalty Trust has a 1 year low of $3.66 and a 1 year high of $7.22. The company's 50-day moving average is $5.83 and its two-hundred day moving average is $6.03.
San Juan Basin Royalty Trust Profile
(Free Report)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.
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