Horizon Kinetics Asset Management LLC Buys 242,871 Shares of San Juan Basin Royalty Trust (NYSE:SJT)

Horizon Kinetics Asset Management LLC boosted its stake in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,291,926 shares of the oil and gas producer’s stock after acquiring an additional 242,871 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in San Juan Basin Royalty Trust were worth $4,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lesa Sroufe & Co purchased a new stake in shares of San Juan Basin Royalty Trust during the second quarter valued at approximately $1,099,000. Mraz Amerine & Associates Inc. boosted its position in San Juan Basin Royalty Trust by 5.3% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 206,566 shares of the oil and gas producer’s stock valued at $835,000 after buying an additional 10,457 shares during the period. Moors & Cabot Inc. grew its holdings in San Juan Basin Royalty Trust by 33.4% in the 3rd quarter. Moors & Cabot Inc. now owns 117,950 shares of the oil and gas producer’s stock worth $436,000 after acquiring an additional 29,550 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in San Juan Basin Royalty Trust by 11.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 36,300 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 3,800 shares during the last quarter. Finally, Atlas Wealth Partners LLC purchased a new position in shares of San Juan Basin Royalty Trust in the third quarter valued at about $63,000. 10.42% of the stock is currently owned by institutional investors.

San Juan Basin Royalty Trust Stock Up 1.5 %

Shares of SJT stock opened at $4.10 on Monday. The stock has a fifty day moving average of $3.91 and a 200 day moving average of $3.89. San Juan Basin Royalty Trust has a 52 week low of $3.21 and a 52 week high of $7.15.

Analyst Upgrades and Downgrades

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

San Juan Basin Royalty Trust 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.