TrueMark Investments LLC Raises Stake in Sabine Royalty Trust (NYSE:SBR)

TrueMark Investments LLC boosted its holdings in Sabine Royalty Trust (NYSE:SBR - Free Report) by 547.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,303 shares of the energy company's stock after purchasing an additional 74,655 shares during the period. Sabine Royalty Trust comprises 1.8% of TrueMark Investments LLC's portfolio, making the stock its 6th largest position. TrueMark Investments LLC owned 0.61% of Sabine Royalty Trust worth $5,723,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SBR. Signature Resources Capital Management LLC bought a new position in Sabine Royalty Trust during the 4th quarter worth approximately $39,000. Campbell Capital Management Inc. bought a new position in Sabine Royalty Trust during the fourth quarter worth $52,000. JPMorgan Chase & Co. lifted its stake in Sabine Royalty Trust by 79.7% during the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company's stock worth $64,000 after purchasing an additional 456 shares during the last quarter. BankPlus Trust Department acquired a new position in Sabine Royalty Trust in the fourth quarter worth $91,000. Finally, PNC Financial Services Group Inc. increased its stake in Sabine Royalty Trust by 153.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company's stock valued at $215,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 15.81% of the company's stock.

Analysts Set New Price Targets

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

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Sabine Royalty Trust Stock Down 0.3 %

Shares of NYSE:SBR traded down $0.23 during trading on Friday, hitting $66.68. 17,890 shares of the company traded hands, compared to its average volume of 37,636. The business's fifty day moving average is $66.75 and its 200-day moving average is $64.23. The stock has a market capitalization of $972.13 million, a price-to-earnings ratio of 10.27 and a beta of 0.44. Sabine Royalty Trust has a one year low of $58.60 and a one year high of $70.20.

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

Sabine Royalty Trust Increases Dividend

The company also recently announced a monthly 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 represents a $3.61 dividend on an annualized basis and a yield of 5.42%. This is a positive change from Sabine Royalty Trust's previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 17th. Sabine Royalty Trust's payout ratio is presently 66.12%.

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.