Kingswood Wealth Advisors LLC Buys 206,780 Shares of San Juan Basin Royalty Trust $SJT

Kingswood Wealth Advisors LLC raised its holdings in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 74.1% in the second quarter, Holdings Channel reports. The institutional investor owned 485,815 shares of the oil and gas producer’s stock after acquiring an additional 206,780 shares during the period. Kingswood Wealth Advisors LLC’s holdings in San Juan Basin Royalty Trust were worth $2,900,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in San Juan Basin Royalty Trust during the 1st quarter valued at about $35,000. Westfuller Advisors LLC acquired a new position in shares of San Juan Basin Royalty Trust in the 1st quarter valued at $63,000. Fonville Wealth Management LLC purchased a new position in San Juan Basin Royalty Trust during the first quarter valued at $102,000. Atlas Wealth Partners LLC raised its position in shares of San Juan Basin Royalty Trust by 21.2% in the first quarter. Atlas Wealth Partners LLC now owns 24,300 shares of the oil and gas producer’s stock valued at $134,000 after buying an additional 4,250 shares during the last quarter. Finally, Bank of America Corp DE increased its position in San Juan Basin Royalty Trust by 83.8% during the fourth quarter. Bank of America Corp DE now owns 104,402 shares of the oil and gas producer’s stock worth $400,000 after purchasing an additional 47,615 shares during the last quarter. 10.42% of the stock is owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Price Performance

SJT opened at $6.41 on Tuesday. 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 simple moving average is $5.87 and its 200 day simple moving average is $5.97.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.