597,500 Shares of San Juan Basin Royalty Trust $SJT Purchased by Mad River Investors

Mad River Investors purchased a new position in shares of San Juan Basin Royalty Trust (NYSE:SJT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 597,500 shares of the oil and gas producer’s stock, valued at approximately $2,181,000. San Juan Basin Royalty Trust accounts for about 0.9% of Mad River Investors’ portfolio, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SevenBridge Financial Group LLC bought a new position in shares of San Juan Basin Royalty Trust during the 1st quarter valued at about $45,000. State of Wyoming raised its holdings in shares of San Juan Basin Royalty Trust by 73.9% during the 1st quarter. State of Wyoming now owns 36,596 shares of the oil and gas producer’s stock valued at $176,000 after buying an additional 15,552 shares in the last quarter. Lesa Sroufe & Co raised its holdings in shares of San Juan Basin Royalty Trust by 1.9% during the 1st quarter. Lesa Sroufe & Co now owns 346,870 shares of the oil and gas producer’s stock valued at $1,668,000 after buying an additional 6,480 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its holdings in shares of San Juan Basin Royalty Trust by 34.2% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 939,225 shares of the oil and gas producer’s stock valued at $4,518,000 after buying an additional 239,225 shares in the last quarter. 10.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered San Juan Basin Royalty Trust from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to MarketBeat, San Juan Basin Royalty Trust presently has an average rating of “Sell”.

San Juan Basin Royalty Trust Stock Up 1.0%

Shares of NYSE:SJT opened at $3.38 on Thursday. The stock has a market cap of $157.63 million, a PE ratio of -338.20 and a beta of 0.70. The company’s fifty day moving average is $3.34 and its 200 day moving average is $4.03. San Juan Basin Royalty Trust has a 52 week low of $2.37 and a 52 week high of $6.55.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust is a grantor trust that owns royalty interests in oil and natural gas properties located in the San Juan Basin of northwestern New Mexico. The trust does not operate wells, develop properties or sell energy products directly; instead, it receives royalty payments from production generated by the underlying properties.

The trust’s interests were originally conveyed by Southland Royalty Company, and the properties are operated by third-party energy companies.