Chilton Capital Management LLC Trims Stock Position in Sabine Royalty Trust (NYSE:SBR)

Chilton Capital Management LLC reduced its position in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,027 shares of the energy company's stock after selling 5,066 shares during the period. Chilton Capital Management LLC owned about 0.28% of Sabine Royalty Trust worth $2,768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Pointe Advisors LLC increased its stake in shares of Sabine Royalty Trust by 289.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock worth $12,191,000 after acquiring an additional 139,836 shares during the period. TrueMark Investments LLC increased its stake 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 worth $5,723,000 after acquiring an additional 74,655 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sabine Royalty Trust during the fourth quarter worth about $1,920,000. Clare Market Investments LLC acquired a new position in shares of Sabine Royalty Trust during the fourth quarter worth about $1,510,000. Finally, Rahlfs Capital LLC acquired a new position in shares of Sabine Royalty Trust during the fourth quarter worth about $770,000. 15.81% of the stock is owned by hedge funds and other institutional investors.

Sabine Royalty Trust Trading Down 1.4%

Shares of Sabine Royalty Trust stock traded down $0.96 on Wednesday, reaching $66.07. 29,573 shares of the stock were exchanged, compared to its average volume of 37,822. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $70.20. The business has a fifty day moving average price of $66.01 and a two-hundred day moving average price of $66.01. The firm has a market capitalization of $963.23 million, a PE ratio of 12.40 and a beta of 0.28.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 95.36% and a return on equity of 904.22%. The company had revenue of $19.40 million for the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.3459 per share. This is a positive change from Sabine Royalty Trust's previous dividend of $0.14. This represents a yield of 6.33%. The ex-dividend date is Tuesday, July 15th. Sabine Royalty Trust's dividend payout ratio is presently 77.86%.

Sabine Royalty Trust Company 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.