9,271 Shares in San Juan Basin Royalty Trust (NYSE:SJT) Bought by Prospera Private Wealth LLC

Prospera Private Wealth LLC purchased a new position in shares of San Juan Basin Royalty Trust (NYSE:SJT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 9,271 shares of the oil and gas producer’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in San Juan Basin Royalty Trust by 270.0% in the 3rd quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock worth $27,000 after buying an additional 5,400 shares during the last quarter. Americana Partners LLC purchased a new position in shares of San Juan Basin Royalty Trust during the third quarter worth approximately $40,000. GSA Capital Partners LLP bought a new stake in shares of San Juan Basin Royalty Trust in the 3rd quarter worth approximately $41,000. Atlas Wealth Partners LLC purchased a new stake in shares of San Juan Basin Royalty Trust in the 3rd quarter valued at $63,000. Finally, Meixler Investment Management Ltd. grew its holdings in shares of San Juan Basin Royalty Trust by 11.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 3,800 shares during the last quarter. 10.42% of the stock is currently owned by hedge funds and other institutional investors.

San Juan Basin Royalty Trust Stock Performance

Shares of SJT stock opened at $4.10 on Friday. The business has a 50-day moving average of $3.91 and a 200 day moving average of $3.90. San Juan Basin Royalty Trust has a 1-year low of $3.21 and a 1-year high of $7.22.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

San Juan Basin Royalty Trust Company 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.