Clare Market Investments LLC Increases Stake in Sabine Royalty Trust (NYSE:SBR)

Clare Market Investments LLC boosted its position in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 19.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,793 shares of the energy company's stock after purchasing an additional 4,500 shares during the period. Clare Market Investments LLC owned approximately 0.19% of Sabine Royalty Trust worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Sabine Royalty Trust by 15.4% during the 4th quarter. Blue Trust Inc. now owns 28,842 shares of the energy company's stock worth $1,869,000 after buying an additional 3,850 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Sabine Royalty Trust by 2.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 28,211 shares of the energy company's stock valued at $1,828,000 after purchasing an additional 597 shares during the period. BankPlus Trust Department purchased a new position in shares of Sabine Royalty Trust during the 4th quarter worth $91,000. Raymond James Financial Inc. purchased a new position in shares of Sabine Royalty Trust during the 4th quarter worth $1,920,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Sabine Royalty Trust by 153.0% during 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 last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

Sabine Royalty Trust Price Performance

Shares of SBR stock traded up $0.03 during trading hours on Thursday, hitting $66.85. The company had a trading volume of 19,808 shares, compared to its average volume of 38,189. The stock has a market capitalization of $974.55 million, a PE ratio of 10.30 and a beta of 0.29. The company's fifty day moving average is $65.40 and its 200 day moving average is $65.60. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $70.20.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%. The company had revenue of $19.40 million for the quarter.

Sabine Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.4478 dividend. The ex-dividend date was Thursday, May 15th. This represents a $5.37 annualized dividend and a dividend yield of 8.04%. Sabine Royalty Trust's dividend payout ratio is presently 100.75%.

Wall Street Analysts Forecast Growth

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

About Sabine Royalty Trust

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.