17,250 Shares in San Juan Basin Royalty Trust (NYSE:SJT) Acquired by Morse Asset Management Inc

Morse Asset Management Inc purchased a new stake in San Juan Basin Royalty Trust (NYSE:SJT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,250 shares of the oil and gas producer’s stock, valued at approximately $66,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pecaut & CO. acquired a new stake in shares of San Juan Basin Royalty Trust during the fourth quarter worth $38,000. Mariner LLC acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter worth about $40,000. Oxbow Advisors LLC acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter worth about $43,000. Rahlfs Capital LLC purchased a new stake in San Juan Basin Royalty Trust during the fourth quarter valued at about $44,000. Finally, XTX Topco Ltd acquired a new position in shares of San Juan Basin Royalty Trust in the fourth quarter worth about $75,000. Institutional investors and hedge funds own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Price Performance

San Juan Basin Royalty Trust stock opened at $6.33 on Wednesday. San Juan Basin Royalty Trust has a fifty-two week low of $3.21 and a fifty-two week high of $6.72. The firm’s 50 day simple moving average is $5.57 and its 200-day simple moving average is $4.71. The company has a market cap of $295.03 million, a P/E ratio of 23.45 and a beta of 0.70.

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.