Raymond James Financial Services Advisors Inc. Buys 22,792 Shares of San Juan Basin Royalty Trust (NYSE:SJT)

Raymond James Financial Services Advisors Inc. boosted its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 22.1% in the fourth quarter, HoldingsChannel reports. The firm owned 125,756 shares of the oil and gas producer’s stock after acquiring an additional 22,792 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in San Juan Basin Royalty Trust were worth $639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealthsource Partners LLC increased its holdings in San Juan Basin Royalty Trust by 1.3% in the fourth quarter. Wealthsource Partners LLC now owns 513,588 shares of the oil and gas producer’s stock valued at $2,609,000 after purchasing an additional 6,450 shares during the last quarter. Beck Bode LLC grew its stake in San Juan Basin Royalty Trust by 6.3% in the third quarter. Beck Bode LLC now owns 293,467 shares of the oil and gas producer’s stock valued at $2,028,000 after acquiring an additional 17,460 shares during the period. BNP Paribas Arbitrage SA grew its stake in San Juan Basin Royalty Trust by 56,762.8% in the first quarter. BNP Paribas Arbitrage SA now owns 252,471 shares of the oil and gas producer’s stock valued at $2,214,000 after acquiring an additional 252,027 shares during the period. Twin Focus Capital Partners LLC grew its stake in San Juan Basin Royalty Trust by 13.0% in the third quarter. Twin Focus Capital Partners LLC now owns 217,124 shares of the oil and gas producer’s stock valued at $1,505,000 after acquiring an additional 25,000 shares during the period. Finally, UBS Group AG grew its stake in San Juan Basin Royalty Trust by 198.9% in the first quarter. UBS Group AG now owns 208,562 shares of the oil and gas producer’s stock valued at $2,194,000 after acquiring an additional 138,777 shares during the period. Institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Trading Down 4.6 %

NYSE:SJT opened at $4.79 on Thursday. San Juan Basin Royalty Trust has a 1 year low of $4.37 and a 1 year high of $10.25. The stock has a market cap of $223.26 million, a price-to-earnings ratio of 4.35 and a beta of 0.77. The stock has a 50-day moving average price of $5.25 and a two-hundred day moving average price of $5.88.

San Juan Basin Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.041 per share. This is a boost from San Juan Basin Royalty Trust’s previous monthly dividend of $0.03. This represents a $0.49 annualized dividend and a dividend yield of 10.27%. The ex-dividend date of this dividend was Wednesday, March 27th. San Juan Basin Royalty Trust’s dividend payout ratio is currently 45.45%.

Analyst Ratings Changes

Separately, TheStreet cut San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research note on Monday, February 12th.

About San Juan Basin Royalty Trust

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.