San Juan Basin Royalty Trust (SJT) Stake Lifted by Blair William & Co. IL
Blair William & Co. IL lifted its position in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,800 shares of the oil and gas producer’s stock after acquiring an additional 800 shares during the quarter. Blair William & Co. IL’s holdings in San Juan Basin Royalty Trust were worth $101,000 at the end of the most recent quarter.
Separately, Lucas Capital Management increased its stake in shares of San Juan Basin Royalty Trust by 20.1% during the second quarter. Lucas Capital Management now owns 67,000 shares of the oil and gas producer’s stock worth $456,000 after acquiring an additional 11,200 shares during the period. Hedge funds and other institutional investors own 27.09% of the company’s stock.
A number of research analysts have recently issued reports on SJT shares. BidaskClub lowered shares of San Juan Basin Royalty Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. TheStreet lowered shares of San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research note on Friday, June 23rd.
Shares of San Juan Basin Royalty Trust (NYSE SJT) opened at 6.70 on Monday. The stock has a market cap of $312.27 million, a P/E ratio of 12.09 and a beta of -0.43. San Juan Basin Royalty Trust has a 12-month low of $5.19 and a 12-month high of $8.00. The company’s 50-day moving average is $6.89 and its 200-day moving average is $6.97.
San Juan Basin Royalty Trust (NYSE:SJT) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas producer reported $0.13 earnings per share for the quarter. San Juan Basin Royalty Trust had a net margin of 92.24% and a return on equity of 337.99%. The business had revenue of $6.45 million for the quarter.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.041 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 7.34%. San Juan Basin Royalty Trust’s dividend payout ratio (DPR) is presently 89.09%.
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About San Juan Basin Royalty Trust
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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