Wells Fargo & Company MN Has $1.36 Million Holdings in Sabine Royalty Trust (NYSE:SBR)

Wells Fargo & Company MN trimmed its position in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 42.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,904 shares of the energy company's stock after selling 15,710 shares during the period. Wells Fargo & Company MN owned approximately 0.14% of Sabine Royalty Trust worth $1,355,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SBR. Islay Capital Management LLC grew its stake in shares of Sabine Royalty Trust by 14.3% in the fourth quarter. Islay Capital Management LLC now owns 4,000 shares of the energy company's stock worth $259,000 after acquiring an additional 500 shares during the last quarter. TrueMark Investments LLC lifted its stake in Sabine Royalty Trust by 547.0% during the fourth quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company's stock worth $5,723,000 after purchasing an additional 74,655 shares during the period. FineMark National Bank & Trust acquired a new position in shares of Sabine Royalty Trust in the 4th quarter worth approximately $318,000. Horizon Kinetics Asset Management LLC boosted its stake in Sabine Royalty Trust by 9.5% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company's stock valued at $7,124,000 after buying an additional 9,553 shares in the last quarter. Finally, Campbell Capital Management Inc. bought a new stake in Sabine Royalty Trust in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 15.81% of the company's stock.

Sabine Royalty Trust Trading Up 0.3 %

Shares of Sabine Royalty Trust stock opened at $67.16 on Monday. The stock has a market capitalization of $979.15 million, a price-to-earnings ratio of 10.35 and a beta of 0.25. The firm's 50-day moving average price is $65.74 and its two-hundred day moving average price is $64.78. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $70.20.

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

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be issued a $0.5039 dividend. This represents a $6.05 dividend on an annualized basis and a dividend yield of 9.00%. This is a boost from Sabine Royalty Trust's previous monthly dividend of $0.30. The ex-dividend date is Tuesday, April 15th. Sabine Royalty Trust's payout ratio is currently 110.62%.

Analyst Ratings Changes

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 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.

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