Clare Market Investments LLC Takes Position in Sabine Royalty Trust (NYSE:SBR)

Clare Market Investments LLC purchased a new stake in Sabine Royalty Trust (NYSE:SBR) during the 4th quarter, HoldingsChannel reports. The firm purchased 23,293 shares of the energy company’s stock, valued at approximately $1,510,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Horizon Kinetics Asset Management LLC grew its position in shares of Sabine Royalty Trust by 0.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock valued at $6,200,000 after purchasing an additional 710 shares during the last quarter. Howard Financial Services LTD. grew its position in shares of Sabine Royalty Trust by 14.6% in the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock valued at $5,012,000 after purchasing an additional 9,840 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at about $1,920,000. Blue Trust Inc. lifted its stake in shares of Sabine Royalty Trust by 15.4% in the fourth quarter. Blue Trust Inc. now owns 28,842 shares of the energy company’s stock valued at $1,869,000 after buying an additional 3,850 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in shares of Sabine Royalty Trust by 12.1% in the third quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock valued at $1,762,000 after buying an additional 3,070 shares during the period. 15.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

Sabine Royalty Trust Stock Performance

NYSE SBR opened at $66.30 on Monday. The stock has a market cap of $966.62 million, a PE ratio of 10.22 and a beta of 0.44. Sabine Royalty Trust has a twelve month low of $58.60 and a twelve month high of $70.20. The firm has a 50-day simple moving average of $66.61 and a 200 day simple moving average of $63.92.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 EPS for the quarter. The firm had revenue of $19.55 million during the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.3012 per share. This is a boost from Sabine Royalty Trust’s previous dividend of $0.14. The ex-dividend date of this dividend is Monday, March 17th. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 66.12%.

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.