Punch & Associates Investment Management Inc. Acquires 239,225 Shares of San Juan Basin Royalty Trust $SJT

Punch & Associates Investment Management Inc. grew its holdings in San Juan Basin Royalty Trust (NYSE:SJT) by 34.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 939,225 shares of the oil and gas producer’s stock after buying an additional 239,225 shares during the period. Punch & Associates Investment Management Inc.’s holdings in San Juan Basin Royalty Trust were worth $4,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morse Asset Management Inc increased its holdings in shares of San Juan Basin Royalty Trust by 165.1% during the 4th quarter. Morse Asset Management Inc now owns 4,400 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 2,740 shares during the last quarter. SevenBridge Financial Group LLC acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter valued at $45,000. V Square Quantitative Management LLC acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at $64,000. Cetera Investment Advisers acquired a new stake in San Juan Basin Royalty Trust during the 4th quarter valued at $64,000. Finally, Boothbay Fund Management LLC bought a new position in San Juan Basin Royalty Trust during the third quarter worth $131,000. 10.42% of the stock is currently owned by institutional investors.

San Juan Basin Royalty Trust Stock Down 0.2%

Shares of SJT stock opened at $2.52 on Friday. San Juan Basin Royalty Trust has a 12-month low of $2.42 and a 12-month high of $6.61. The company has a market capitalization of $117.69 million, a PE ratio of -252.50 and a beta of 0.58. The firm has a 50 day moving average price of $3.31 and a two-hundred day moving average price of $4.50.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, San Juan Basin Royalty Trust has a consensus 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.