Baird Financial Group Inc. lifted its stake in shares of San Juan Basin Royalty Trust (NYSE:SJT) by 856.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 222,800 shares of the oil and gas producer’s stock after acquiring an additional 199,499 shares during the quarter. Baird Financial Group Inc.’s holdings in San Juan Basin Royalty Trust were worth $1,290,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of San Juan Basin Royalty Trust by 552.2% during the 2nd quarter. Renaissance Technologies LLC now owns 367,825 shares of the oil and gas producer’s stock worth $2,130,000 after buying an additional 311,428 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of San Juan Basin Royalty Trust during the 2nd quarter worth approximately $186,000. Bank of Montreal Can purchased a new stake in shares of San Juan Basin Royalty Trust during the 2nd quarter worth approximately $184,000. CIBC World Markets Inc. purchased a new stake in shares of San Juan Basin Royalty Trust during the 1st quarter worth approximately $484,000. Finally, Jane Street Group LLC purchased a new stake in shares of San Juan Basin Royalty Trust during the 1st quarter worth approximately $118,000. Institutional investors and hedge funds own 25.29% of the company’s stock.
Separately, TheStreet downgraded shares of San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research report on Thursday, June 21st.
Shares of NYSE:SJT opened at $5.21 on Tuesday. The company has a market cap of $258.68 million, a PE ratio of 7.12 and a beta of -0.04. San Juan Basin Royalty Trust has a twelve month low of $5.17 and a twelve month high of $10.54.
San Juan Basin Royalty Trust (NYSE:SJT) last issued its quarterly earnings data on Thursday, August 9th. The oil and gas producer reported $0.05 earnings per share for the quarter. The business had revenue of $2.99 million during the quarter. San Juan Basin Royalty Trust had a net margin of 95.60% and a return on equity of 520.42%.
The firm also recently declared a monthly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a $0.032 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.38 annualized dividend and a yield of 7.37%.
San Juan Basin Royalty Trust Company Profile
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the subject interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 829.8 net wells.
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