Royce & Associates LP Has $4.20 Million Stock Holdings in San Juan Basin Royalty Trust (NYSE:SJT)

Royce & Associates LP raised its position in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 782,927 shares of the oil and gas producer’s stock after buying an additional 6,177 shares during the period. Royce & Associates LP owned about 1.68% of San Juan Basin Royalty Trust worth $4,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. boosted its holdings in shares of San Juan Basin Royalty Trust by 83.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 44,000 shares of the oil and gas producer’s stock worth $211,000 after buying an additional 20,000 shares during the period. Wealthsource Partners LLC increased its position in San Juan Basin Royalty Trust by 15.4% during the 4th quarter. Wealthsource Partners LLC now owns 130,666 shares of the oil and gas producer’s stock worth $627,000 after purchasing an additional 17,446 shares in the last quarter. Mraz Amerine & Associates Inc. increased its position in San Juan Basin Royalty Trust by 10.1% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 153,092 shares of the oil and gas producer’s stock worth $735,000 after purchasing an additional 14,000 shares in the last quarter. Lesa Sroufe & Co acquired a new position in San Juan Basin Royalty Trust during the 1st quarter worth approximately $66,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in San Juan Basin Royalty Trust during the 4th quarter worth approximately $52,000. 18.68% of the stock is owned by institutional investors and hedge funds.

Shares of SJT traded up $0.15 during trading hours on Wednesday, hitting $3.75. 129,400 shares of the stock were exchanged, compared to its average volume of 140,100. San Juan Basin Royalty Trust has a fifty-two week low of $3.55 and a fifty-two week high of $6.27. The business’s 50-day simple moving average is $4.06.

San Juan Basin Royalty Trust (NYSE:SJT) last released its quarterly earnings data on Friday, May 10th. The oil and gas producer reported $0.13 earnings per share for the quarter. San Juan Basin Royalty Trust had a net margin of 91.70% and a return on equity of 299.92%. The firm had revenue of $6.56 million for the quarter.

The company also recently announced a monthly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.0269 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.32 annualized dividend and a dividend yield of 8.60%. This is an increase from San Juan Basin Royalty Trust’s previous monthly dividend of $0.02.

Separately, TheStreet upgraded shares of San Juan Basin Royalty Trust from a “c+” rating to a “b” rating in a research report on Friday, April 5th.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the subject interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 828.1 net wells.

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

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