Punch & Associates Investment Management Inc. Acquires 239,225 Shares of San Juan Basin Royalty Trust $SJT

Punch & Associates Investment Management Inc. raised its holdings in San Juan Basin Royalty Trust (NYSE:SJT) by 34.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 939,225 shares of the oil and gas producer’s stock after buying an additional 239,225 shares during the period. Punch & Associates Investment Management Inc. owned 2.02% of San Juan Basin Royalty Trust worth $4,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC boosted its stake in shares of San Juan Basin Royalty Trust by 11.0% during the 4th 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 buying an additional 619,163 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of San Juan Basin Royalty Trust by 115.1% in the third quarter. Moors & Cabot Inc. now owns 607,450 shares of the oil and gas producer’s stock valued at $3,669,000 after acquiring an additional 325,100 shares during the last quarter. Advisory Services Network LLC increased its position in shares of San Juan Basin Royalty Trust by 392.2% in the second quarter. Advisory Services Network LLC now owns 237,397 shares of the oil and gas producer’s stock valued at $1,436,000 after acquiring an additional 189,170 shares during the last quarter. Financial Sense Advisors Inc. acquired a new stake in shares of San Juan Basin Royalty Trust in the third quarter valued at about $844,000. Finally, Ashton Thomas Private Wealth LLC raised its holdings 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. 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 report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, San Juan Basin Royalty Trust presently has an average rating of “Sell”.

San Juan Basin Royalty Trust Trading Down 0.2%

Shares of SJT opened at $2.52 on Friday. The company’s fifty day simple moving average is $3.31 and its 200 day simple moving average is $4.50. San Juan Basin Royalty Trust has a 1-year low of $2.42 and a 1-year high of $6.61. The company has a market cap of $117.69 million, a price-to-earnings ratio of -252.50 and a beta of 0.58.

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

San Juan Basin Royalty Trust Company Profile

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.