Ingalls & Snyder LLC Reduces Stock Position in San Juan Basin Royalty Trust (NYSE:SJT)

Ingalls & Snyder LLC decreased its position in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 48.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,650 shares of the oil and gas producer’s stock after selling 27,044 shares during the quarter. Ingalls & Snyder LLC’s holdings in San Juan Basin Royalty Trust were worth $110,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Atlas Wealth Partners LLC grew its holdings in shares of San Juan Basin Royalty Trust by 16.4% during the fourth quarter. Atlas Wealth Partners LLC now owns 20,050 shares of the oil and gas producer’s stock worth $77,000 after purchasing an additional 2,825 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new position in shares of San Juan Basin Royalty Trust during the fourth quarter worth about $147,000. Virtu Financial LLC purchased a new position in shares of San Juan Basin Royalty Trust during the third quarter worth about $150,000. Mountaineer Partners Management LLC grew its holdings in shares of San Juan Basin Royalty Trust by 260.5% during the third quarter. Mountaineer Partners Management LLC now owns 2,660,500 shares of the oil and gas producer’s stock worth $9,844,000 after purchasing an additional 1,922,570 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its holdings in shares of San Juan Basin Royalty Trust by 23.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 1,291,926 shares of the oil and gas producer’s stock worth $4,780,000 after purchasing an additional 242,871 shares during the last quarter. Hedge funds and other institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Stock Performance

Shares of SJT stock opened at $4.82 on Friday. The stock’s 50-day moving average is $4.15 and its two-hundred day moving average is $3.94. The firm has a market cap of $224.66 million, a price-to-earnings ratio of 17.85 and a beta of 0.86. San Juan Basin Royalty Trust has a 1 year low of $3.21 and a 1 year high of $5.81.

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.