San Juan Basin Royalty Trust (NYSE:SJT) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 19,531.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,834 shares of the oil and gas producer’s stock after purchasing an additional 8,789 shares during the quarter. Tower Research Capital LLC TRC’s holdings in San Juan Basin Royalty Trust were worth $45,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Significant Wealth Partners LLC purchased a new position in shares of San Juan Basin Royalty Trust during the 4th quarter valued at approximately $2,964,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of San Juan Basin Royalty Trust by 22.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 125,756 shares of the oil and gas producer’s stock valued at $639,000 after buying an additional 22,792 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of San Juan Basin Royalty Trust by 72.8% during the 3rd quarter. Alps Advisors Inc. now owns 50,874 shares of the oil and gas producer’s stock valued at $353,000 after buying an additional 21,436 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of San Juan Basin Royalty Trust by 33.5% during the 4th quarter. International Assets Investment Management LLC now owns 27,153 shares of the oil and gas producer’s stock valued at $138,000 after buying an additional 6,808 shares in the last quarter. Finally, Wealthsource Partners LLC lifted its position in shares of San Juan Basin Royalty Trust by 1.3% during the 4th quarter. Wealthsource Partners LLC now owns 513,588 shares of the oil and gas producer’s stock valued at $2,609,000 after buying an additional 6,450 shares in the last quarter. Institutional investors and hedge funds own 10.42% of the company’s stock.

Analysts Set New Price Targets

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

San Juan Basin Royalty Trust Trading Up 1.6 %

SJT stock traded up $0.07 during midday trading on Thursday, reaching $4.17. The stock had a trading volume of 140,700 shares, compared to its average volume of 338,462. The company’s fifty day simple moving average is $5.16 and its 200 day simple moving average is $5.68. The company has a market cap of $194.13 million, a price-to-earnings ratio of 3.74 and a beta of 0.87. 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 announced its quarterly earnings data on Monday, April 1st. The oil and gas producer reported $0.08 earnings per share for the quarter. The company had revenue of $4.01 million for the quarter. San Juan Basin Royalty Trust had a return on equity of 1,842.90% and a net margin of 96.72%.

San Juan Basin Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.0229 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Monday, April 29th. San Juan Basin Royalty Trust’s dividend payout ratio (DPR) is presently 24.55%.

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.