Beck Bode LLC Has $2.15 Million Stake in San Juan Basin Royalty Trust (NYSE:SJT)

Beck Bode LLC raised its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 44.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,118 shares of the oil and gas producer’s stock after acquiring an additional 130,651 shares during the quarter. Beck Bode LLC owned approximately 0.91% of San Juan Basin Royalty Trust worth $2,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SJT. Ingalls & Snyder LLC bought a new position in shares of San Juan Basin Royalty Trust in the third quarter worth about $114,000. PFG Investments LLC lifted its holdings in shares of San Juan Basin Royalty Trust by 14.1% in the third quarter. PFG Investments LLC now owns 25,155 shares of the oil and gas producer’s stock worth $174,000 after acquiring an additional 3,100 shares during the last quarter. Meixler Investment Management Ltd. lifted its holdings in shares of San Juan Basin Royalty Trust by 7.9% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the oil and gas producer’s stock worth $190,000 after acquiring an additional 2,000 shares during the last quarter. Wealthsource Partners LLC lifted its holdings in shares of San Juan Basin Royalty Trust by 0.6% in the third quarter. Wealthsource Partners LLC now owns 507,138 shares of the oil and gas producer’s stock worth $3,514,000 after acquiring an additional 2,778 shares during the last quarter. Finally, Twin Focus Capital Partners LLC lifted its holdings in shares of San Juan Basin Royalty Trust by 13.0% in the third quarter. Twin Focus Capital Partners LLC now owns 217,124 shares of the oil and gas producer’s stock worth $1,505,000 after acquiring an additional 25,000 shares during the last quarter. Institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Price Performance

NYSE SJT traded down $0.22 during trading hours on Tuesday, reaching $4.15. The company’s stock had a trading volume of 123,784 shares, compared to its average volume of 342,846. The firm has a fifty day simple moving average of $5.20 and a 200-day simple moving average of $5.71. The stock has a market cap of $193.20 million, a P/E ratio of 3.77 and a beta of 0.77. San Juan Basin Royalty Trust has a 52 week low of $4.01 and a 52 week high of $8.59.

San Juan Basin Royalty Trust (NYSE:SJT) last issued its quarterly earnings data on Monday, April 1st. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $4.01 million during the quarter. San Juan Basin Royalty Trust had a net margin of 96.72% and a return on equity of 1,842.90%.

San Juan Basin Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be issued a $0.0229 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.27 dividend on an annualized basis and a yield of 6.62%. San Juan Basin Royalty Trust’s dividend payout ratio (DPR) is presently 45.45%.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a report on Monday, February 12th.

San Juan Basin Royalty Trust Company 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.