Chilton Capital Management LLC Reduces Stake in Sabine Royalty Trust (NYSE:SBR)

Chilton Capital Management LLC cut its holdings in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 11.0% during the first quarter, according to its most recent disclosure 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 quarter. 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.

Several other large investors have also modified their holdings of SBR. GAMMA Investing LLC grew its position in Sabine Royalty Trust by 6,666.7% during the 1st quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in shares of Sabine Royalty Trust during the 4th quarter valued at $52,000. Virtus ETF Advisers LLC lifted its holdings in Sabine Royalty Trust by 14.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock worth $189,000 after buying an additional 359 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings 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 worth $215,000 after acquiring an additional 2,010 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Sabine Royalty Trust by 5.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock worth $268,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company's stock.

Sabine Royalty Trust Price Performance

Shares of SBR traded down $0.16 on Monday, reaching $66.34. 7,916 shares of the stock traded hands, compared to its average volume of 37,795. The firm has a market cap of $967.24 million, a price-to-earnings ratio of 12.45 and a beta of 0.28. Sabine Royalty Trust has a 12 month low of $58.25 and a 12 month high of $70.20. The stock's 50-day moving average price is $66.05 and its 200-day moving average price is $65.98.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 EPS 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 during the quarter.

Sabine Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.4265 dividend. The ex-dividend date was Monday, June 16th. This represents a $5.12 annualized dividend and a dividend yield of 7.71%. Sabine Royalty Trust's payout ratio is 96.06%.

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.