Ashton Thomas Private Wealth LLC Has $4.33 Million Stock Position in San Juan Basin Royalty Trust $SJT

Ashton Thomas Private Wealth LLC increased its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 770,224 shares of the oil and gas producer’s stock after acquiring an additional 132,517 shares during the quarter. Ashton Thomas Private Wealth LLC owned about 1.65% of San Juan Basin Royalty Trust worth $4,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of San Juan Basin Royalty Trust in the third quarter worth approximately $42,000. V Square Quantitative Management LLC bought a new position in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $64,000. Pekin Hardy Strauss Inc. bought a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter worth approximately $91,000. Boothbay Fund Management LLC bought a new position in shares of San Juan Basin Royalty Trust during the 3rd quarter worth approximately $131,000. Finally, Key Client Fiduciary Advisors LLC bought a new position in shares of San Juan Basin Royalty Trust during the 4th quarter worth approximately $167,000. 10.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

San Juan Basin Royalty Trust Trading Up 0.6%

Shares of San Juan Basin Royalty Trust stock opened at $4.23 on Tuesday. The stock has a fifty day simple moving average of $4.95 and a 200 day simple moving average of $5.47. San Juan Basin Royalty Trust has a 12-month low of $4.15 and a 12-month high of $7.22.

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.