Jenkins Wealth Takes Position in San Juan Basin Royalty Trust (NYSE:SJT)

Jenkins Wealth acquired a new stake in San Juan Basin Royalty Trust (NYSE:SJT – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 60,306 shares of the oil and gas producer’s stock, valued at approximately $687,000. Jenkins Wealth owned 0.13% of San Juan Basin Royalty Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MADDEN SECURITIES Corp acquired a new stake in San Juan Basin Royalty Trust during the fourth quarter worth about $36,000. CWA Asset Management Group LLC grew its holdings in shares of San Juan Basin Royalty Trust by 11.4% during the 4th quarter. CWA Asset Management Group LLC now owns 56,929 shares of the oil and gas producer’s stock worth $650,000 after purchasing an additional 5,837 shares during the period. Wealthsource Partners LLC grew its holdings in shares of San Juan Basin Royalty Trust by 3.7% during the 3rd quarter. Wealthsource Partners LLC now owns 512,653 shares of the oil and gas producer’s stock worth $4,819,000 after purchasing an additional 18,465 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter worth about $147,000. Finally, Two Sigma Investments LP purchased a new stake in shares of San Juan Basin Royalty Trust during the 3rd quarter worth about $524,000. Hedge funds and other institutional investors own 14.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on San Juan Basin Royalty Trust in a report on Thursday. They set a “hold” rating for the company.

San Juan Basin Royalty Trust Trading Down 2.5 %

Shares of NYSE:SJT opened at $10.04 on Friday. San Juan Basin Royalty Trust has a 1 year low of $6.36 and a 1 year high of $15.43. The stock has a 50-day simple moving average of $10.37 and a 200-day simple moving average of $10.75.

San Juan Basin Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 14th. Shareholders of record on Tuesday, February 28th were issued a $0.25 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 29.88%. The ex-dividend date was Monday, February 27th. This is a boost from San Juan Basin Royalty Trust’s previous monthly dividend of $0.11.

San Juan Basin Royalty Trust Profile

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San Juan Basin Royalty Trust engages in the provision of express trust services. The company was founded on November 1, 1980 and is headquartered in Houston, TX.