Sabine Royalty Trust (NYSE:SBR) Shares Bought by Clare Market Investments LLC

Clare Market Investments LLC increased its stake in Sabine Royalty Trust (NYSE:SBR - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,793 shares of the energy company's stock after acquiring an additional 4,500 shares during the quarter. Clare Market Investments LLC owned approximately 0.19% of Sabine Royalty Trust worth $1,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake 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 stake in Sabine Royalty Trust during the 4th quarter worth $52,000. BankPlus Trust Department acquired a new stake in Sabine Royalty Trust during the 4th quarter worth $91,000. Virtus ETF Advisers LLC boosted its stake 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 purchasing an additional 359 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in 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. Hedge funds and other institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Stock Performance

Shares of SBR stock traded up $0.24 on Friday, hitting $67.05. 15,996 shares of the stock traded hands, compared to its average volume of 38,104. The firm's 50-day moving average price is $65.36 and its two-hundred day moving average price is $65.68. The stock has a market capitalization of $977.45 million, a PE ratio of 10.33 and a beta of 0.29. Sabine Royalty Trust has a twelve month low of $58.25 and a twelve month high of $70.20.

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

Sabine Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.4478 per share. The ex-dividend date was Thursday, May 15th. This represents a $5.37 annualized dividend and a dividend yield of 8.01%. Sabine Royalty Trust's payout ratio is 100.75%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research note 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.