San Juan Basin Royalty Trust (NYSE:SJT) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in San Juan Basin Royalty Trust (NYSE:SJT) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,756 shares of the oil and gas producer’s stock after buying an additional 22,792 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.27% of San Juan Basin Royalty Trust worth $639,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its holdings in shares of San Juan Basin Royalty Trust by 72.8% during the third quarter. Alps Advisors Inc. now owns 50,874 shares of the oil and gas producer’s stock valued at $353,000 after purchasing an additional 21,436 shares during the period. Wealthsource Partners LLC boosted its stake in San Juan Basin Royalty Trust by 1.3% during 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 buying an additional 6,450 shares in the last quarter. PFG Investments LLC boosted its stake in San Juan Basin Royalty Trust by 14.1% during the third quarter. PFG Investments LLC now owns 25,155 shares of the oil and gas producer’s stock valued at $174,000 after buying an additional 3,100 shares in the last quarter. Waverly Advisors LLC boosted its stake in San Juan Basin Royalty Trust by 7.5% during the third quarter. Waverly Advisors LLC now owns 43,250 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 3,000 shares in the last quarter. Finally, Twin Focus Capital Partners LLC boosted its stake in San Juan Basin Royalty Trust by 13.0% during 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 buying an additional 25,000 shares in the last quarter. 10.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

San Juan Basin Royalty Trust Stock 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 firm has a market capitalization of $223.26 million, a price-to-earnings ratio of 4.35 and a beta of 0.77. The stock has a fifty day simple moving average of $5.25 and a 200 day simple moving average of $5.88.

San Juan Basin Royalty Trust Increases Dividend

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

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.