Palisade Capital Management LLC NJ held its stake in San Juan Basin Royalty Trust (NYSE:SJT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,500 shares of the oil and gas producer’s stock at the end of the second quarter. Palisade Capital Management LLC NJ’s holdings in San Juan Basin Royalty Trust were worth $439,000 at the end of the most recent reporting period.

Separately, Enterprise Financial Services Corp increased its stake in shares of San Juan Basin Royalty Trust by 4.8% in the second quarter. Enterprise Financial Services Corp now owns 22,000 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 1,000 shares during the last quarter. 27.28% of the stock is owned by institutional investors.

Shares of San Juan Basin Royalty Trust (SJT) opened at 7.18 on Thursday. The company has a market cap of $334.65 million, a P/E ratio of 16.51 and a beta of -0.46. The firm has a 50-day moving average price of $6.70 and a 200 day moving average price of $7.05. San Juan Basin Royalty Trust has a 12 month low of $5.19 and a 12 month high of $8.00.

The company also recently declared a monthly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.0608 per share. This represents a $0.73 annualized dividend and a yield of 10.16%. The ex-dividend date of this dividend is Thursday, July 27th. San Juan Basin Royalty Trust’s dividend payout ratio is presently 169.77%.

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Several brokerages have weighed in on SJT. TheStreet upgraded San Juan Basin Royalty Trust from a “c” rating to a “b-” rating in a research report on Wednesday, May 31st. BidaskClub upgraded San Juan Basin Royalty Trust from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust is an express trust. The principal asset of the Trust is Royalty. Its Royalty is carved from working, royalty and other oil and natural gas interests owned by Southland Royalty Company, the predecessor to Burlington Resources Oil & Gas Company LP (Burlington), in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests).

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Institutional Ownership by Quarter for San Juan Basin Royalty Trust (NYSE:SJT)

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