Mraz Amerine & Associates Inc. Sells 13,495 Shares of San Juan Basin Royalty Trust (NYSE:SJT)

Mraz Amerine & Associates Inc. trimmed its holdings in San Juan Basin Royalty Trust (NYSE:SJT) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,071 shares of the oil and gas producer’s stock after selling 13,495 shares during the period. Mraz Amerine & Associates Inc.’s holdings in San Juan Basin Royalty Trust were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in San Juan Basin Royalty Trust by 270.0% in the 3rd quarter. International Assets Investment Management LLC now owns 7,400 shares of the oil and gas producer’s stock valued at $27,000 after acquiring an additional 5,400 shares in the last quarter. Hartline Investment Corp purchased a new stake in San Juan Basin Royalty Trust in the 1st quarter valued at $84,000. Atlas Wealth Partners LLC bought a new position in San Juan Basin Royalty Trust during the 3rd quarter valued at $63,000. Meixler Investment Management Ltd. raised its holdings in shares of San Juan Basin Royalty Trust by 8.4% in the first quarter. Meixler Investment Management Ltd. now owns 30,800 shares of the oil and gas producer’s stock valued at $163,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of San Juan Basin Royalty Trust by 12.0% during the second quarter. Moors & Cabot Inc. now owns 88,400 shares of the oil and gas producer’s stock valued at $359,000 after purchasing an additional 9,450 shares in the last quarter. 10.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

San Juan Basin Royalty Trust Stock Up 3.2 %

Shares of San Juan Basin Royalty Trust stock opened at $4.22 on Friday. The stock has a fifty day moving average price of $3.68 and a 200-day moving average price of $4.00. San Juan Basin Royalty Trust has a 1 year low of $3.21 and a 1 year high of $7.50.

San Juan Basin Royalty Trust (NYSE:SJT) last released its earnings results on Wednesday, August 14th. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter. San Juan Basin Royalty Trust had a return on equity of 466.64% and a net margin of 82.97%. The business had revenue of $1.89 million during the quarter.

San Juan Basin Royalty Trust Profile

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.