Clare Market Investments LLC Makes New $1.51 Million Investment in Sabine Royalty Trust (NYSE:SBR)

Clare Market Investments LLC bought a new stake in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,293 shares of the energy company's stock, valued at approximately $1,510,000. Clare Market Investments LLC owned approximately 0.16% of Sabine Royalty Trust at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new position in Sabine Royalty Trust in the fourth quarter valued at $39,000. JPMorgan Chase & Co. grew its position in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company's stock valued at $64,000 after acquiring an additional 456 shares during the period. BankPlus Trust Department purchased a new position in shares of Sabine Royalty Trust in the 4th quarter valued at about $91,000. PNC Financial Services Group Inc. raised its holdings in Sabine Royalty Trust by 153.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company's stock worth $215,000 after purchasing an additional 2,010 shares during the period. Finally, Captrust Financial Advisors purchased a new position in Sabine Royalty Trust during the third quarter worth approximately $230,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Sabine Royalty Trust Price Performance

NYSE SBR traded down $0.23 on Thursday, hitting $64.53. The company had a trading volume of 29,756 shares, compared to its average volume of 42,297. The company's fifty day moving average price is $66.63 and its 200-day moving average price is $63.94. The company has a market capitalization of $940.71 million, a PE ratio of 9.94 and a beta of 0.44. Sabine Royalty Trust has a 12-month low of $58.60 and a 12-month high of $70.20.

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Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 EPS for the quarter. The business 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 company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.3012 dividend. This represents a $3.61 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Monday, March 17th. This is an increase from Sabine Royalty Trust's previous monthly dividend of $0.14. Sabine Royalty Trust's dividend payout ratio (DPR) is 66.12%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research 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.