Punch & Associates Investment Management Inc. Acquires 256,299 Shares of San Juan Basin Royalty Trust $SJT

Punch & Associates Investment Management Inc. raised its holdings in San Juan Basin Royalty Trust (NYSE:SJT) by 57.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 700,000 shares of the oil and gas producer’s stock after buying an additional 256,299 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in San Juan Basin Royalty Trust were worth $3,934,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SJT. Morse Asset Management Inc lifted its stake in shares of San Juan Basin Royalty Trust by 165.1% in the fourth quarter. Morse Asset Management Inc now owns 4,400 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 2,740 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of San Juan Basin Royalty Trust in the third quarter valued at $42,000. V Square Quantitative Management LLC bought a new position in shares of San Juan Basin Royalty Trust in the fourth quarter valued at $64,000. Pekin Hardy Strauss Inc. bought a new position in shares of San Juan Basin Royalty Trust during the third quarter valued at about $91,000. Finally, Boothbay Fund Management LLC bought a new position in shares of San Juan Basin Royalty Trust during the third quarter valued at about $131,000. 10.42% of the stock is owned by institutional investors.

San Juan Basin Royalty Trust Price Performance

SJT opened at $3.32 on Wednesday. The company’s 50-day moving average is $4.17 and its 200 day moving average is $5.04. San Juan Basin Royalty Trust has a fifty-two week low of $3.09 and a fifty-two week high of $7.00. The firm has a market capitalization of $154.75 million, a P/E ratio of -332.00 and a beta of 0.54.

San Juan Basin Royalty Trust (NYSE:SJT) last released its quarterly earnings results on Thursday, May 14th. The oil and gas producer reported ($0.01) earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, San Juan Basin Royalty Trust has an average rating of “Sell”.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.