Hilton Capital Management LLC increased its position in San Juan Basin Royalty Trust (NYSE:SJT) by 11.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,558,551 shares of the oil and gas producer’s stock after buying an additional 156,325 shares during the period. San Juan Basin Royalty Trust makes up about 2.0% of Hilton Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Hilton Capital Management LLC owned approximately 3.34% of San Juan Basin Royalty Trust worth $10,614,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Blair William & Co. IL boosted its stake in shares of San Juan Basin Royalty Trust by 5.7% in the second quarter. Blair William & Co. IL now owns 14,800 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 800 shares during the last quarter. Lucas Capital Management boosted its stake in shares of San Juan Basin Royalty Trust by 20.1% in the second quarter. Lucas Capital Management now owns 67,000 shares of the oil and gas producer’s stock worth $456,000 after buying an additional 11,200 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in shares of San Juan Basin Royalty Trust by 4.8% in the second quarter. Enterprise Financial Services Corp now owns 22,000 shares of the oil and gas producer’s stock worth $150,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 27.49% of the company’s stock.

San Juan Basin Royalty Trust (NYSE SJT) traded down 0.29% during mid-day trading on Friday, hitting $6.80. The company had a trading volume of 120,080 shares. The company has a 50-day moving average price of $6.80 and a 200 day moving average price of $7.02. The firm has a market capitalization of $316.93 million, a P/E ratio of 12.27 and a beta of -0.46. San Juan Basin Royalty Trust has a 12 month low of $5.19 and a 12 month high of $8.00.

San Juan Basin Royalty Trust (NYSE:SJT) last posted its quarterly earnings results on Wednesday, August 9th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. San Juan Basin Royalty Trust had a net margin of 92.24% and a return on equity of 337.99%. The company had revenue of $6.45 million during the quarter.

The business also recently declared a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.041 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 7.24%. San Juan Basin Royalty Trust’s payout ratio is 132.73%.

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A number of brokerages have commented on SJT. BidaskClub cut San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research report on Saturday. TheStreet cut San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust is an express trust. The principal asset of the Trust is Royalty. Its Royalty is carved from working, royalty and other oil and natural gas interests owned by Southland Royalty Company, the predecessor to Burlington Resources Oil & Gas Company LP (Burlington), in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests).

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

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