Rahlfs Capital LLC Makes New $770,000 Investment in Sabine Royalty Trust (NYSE:SBR)

Rahlfs Capital LLC bought a new position in Sabine Royalty Trust (NYSE:SBR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,885 shares of the energy company's stock, valued at approximately $770,000. Rahlfs Capital LLC owned about 0.08% of Sabine Royalty Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SBR. TrueMark Investments LLC grew its holdings in shares of Sabine Royalty Trust by 547.0% during the fourth quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company's stock valued at $5,723,000 after buying an additional 74,655 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sabine Royalty Trust in the 4th quarter valued at about $1,920,000. Clare Market Investments LLC purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter worth approximately $1,510,000. Sendero Wealth Management LLC purchased a new position in Sabine Royalty Trust during the fourth quarter valued at approximately $838,000. Finally, Howard Financial Services LTD. lifted its position in Sabine Royalty Trust by 14.6% in the 4th quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company's stock worth $5,012,000 after buying an additional 9,840 shares in the last quarter. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Price Performance

NYSE:SBR traded down $1.64 during mid-day trading on Thursday, reaching $62.18. The stock had a trading volume of 27,734 shares, compared to its average volume of 38,363. The stock has a market cap of $906.52 million, a P/E ratio of 9.58 and a beta of 0.25. The business's 50 day moving average is $66.36 and its 200 day moving average is $64.47. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $70.20.

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Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The business had revenue of $19.55 million for 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.5039 per share. This is a positive change from Sabine Royalty Trust's previous monthly dividend of $0.30. The ex-dividend date is Tuesday, April 15th. This represents a $6.05 dividend on an annualized basis and a dividend yield of 9.72%. Sabine Royalty Trust's dividend payout ratio is currently 110.62%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sabine Royalty Trust from a "hold" rating to a "buy" rating in a report on Monday, February 10th.

Sabine Royalty Trust Profile

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.