CIBC World Markets Inc. lessened its holdings in San Juan Basin Royalty Trust (NYSE:SJT) by 33.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,503 shares of the oil and gas producer’s stock after selling 54,250 shares during the quarter. CIBC World Markets Inc. owned 0.23% of San Juan Basin Royalty Trust worth $739,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Blair William & Co. IL lifted its position 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 purchasing an additional 800 shares in the last quarter. Enterprise Financial Services Corp lifted its position 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 purchasing an additional 1,000 shares in the last quarter. Lucas Capital Management lifted its position 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 purchasing an additional 11,200 shares in the last quarter. Finally, Hilton Capital Management LLC lifted its position in shares of San Juan Basin Royalty Trust by 11.1% in the second quarter. Hilton Capital Management LLC now owns 1,558,551 shares of the oil and gas producer’s stock worth $10,614,000 after purchasing an additional 156,325 shares in the last quarter. 27.09% of the stock is currently owned by institutional investors and hedge funds.

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Shares of San Juan Basin Royalty Trust (NYSE:SJT) opened at 7.56 on Monday. The firm’s 50-day moving average is $6.96 and its 200 day moving average is $6.99. San Juan Basin Royalty Trust has a 52-week low of $5.19 and a 52-week high of $8.00. The company has a market capitalization of $352.36 million, a price-to-earnings ratio of 13.65 and a beta of -0.43.

San Juan Basin Royalty Trust (NYSE:SJT) last posted its quarterly earnings data on Wednesday, August 9th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $6.45 million 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 also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.041 per share. This represents a $0.49 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Tuesday, August 29th. San Juan Basin Royalty Trust’s dividend payout ratio is 89.09%.

SJT has been the topic of several analyst reports. BidaskClub lowered shares of San Juan Basin Royalty Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. TheStreet raised shares of San Juan Basin Royalty Trust from a “c” rating to a “b-” rating in a research report on Wednesday, May 31st.

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).

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

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