Punch & Associates Investment Management Inc. Has $3.93 Million Stock Position in San Juan Basin Royalty Trust $SJT

Punch & Associates Investment Management Inc. increased its holdings in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 57.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 700,000 shares of the oil and gas producer’s stock after purchasing an additional 256,299 shares during the period. Punch & Associates Investment Management Inc. owned approximately 1.50% of San Juan Basin Royalty Trust worth $3,934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Horizon Kinetics Asset Management LLC boosted its stake in San Juan Basin Royalty Trust by 11.0% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 6,231,144 shares of the oil and gas producer’s stock worth $35,019,000 after acquiring an additional 619,163 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in San Juan Basin Royalty Trust by 20.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 770,224 shares of the oil and gas producer’s stock worth $4,329,000 after acquiring an additional 132,517 shares in the last quarter. Moors & Cabot Inc. boosted its stake in San Juan Basin Royalty Trust by 21.2% during the fourth quarter. Moors & Cabot Inc. now owns 736,300 shares of the oil and gas producer’s stock worth $4,138,000 after acquiring an additional 128,850 shares in the last quarter. Mountaineer Partners Management LLC boosted its stake in San Juan Basin Royalty Trust by 1.8% during the fourth quarter. Mountaineer Partners Management LLC now owns 732,351 shares of the oil and gas producer’s stock worth $4,116,000 after acquiring an additional 13,297 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in San Juan Basin Royalty Trust by 13.6% during the second quarter. Raymond James Financial Inc. now owns 338,062 shares of the oil and gas producer’s stock worth $2,022,000 after acquiring an additional 40,363 shares in the last quarter. 10.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

San Juan Basin Royalty Trust Stock Up 3.7%

Shares of NYSE SJT opened at $3.32 on Wednesday. San Juan Basin Royalty Trust has a 12-month low of $3.09 and a 12-month high of $7.00. The firm has a market cap of $154.75 million, a PE ratio of -332.00 and a beta of 0.54. The company’s fifty day simple moving average is $4.17 and its 200 day simple moving average is $5.04.

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

About San Juan Basin Royalty Trust

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.