Two Sigma Investments LP Trims Stock Holdings in Sabine Royalty Trust (NYSE:SBR)

Two Sigma Investments LP reduced its stake in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 53.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,817 shares of the energy company's stock after selling 16,075 shares during the quarter. Two Sigma Investments LP owned approximately 0.09% of Sabine Royalty Trust worth $895,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC raised its holdings in Sabine Royalty Trust by 289.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock worth $12,191,000 after purchasing an additional 139,836 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of Sabine Royalty Trust by 9.5% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company's stock worth $7,124,000 after acquiring an additional 9,553 shares in the last quarter. TrueMark Investments LLC raised its stake in shares of Sabine Royalty Trust by 547.0% during the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in Sabine Royalty Trust during the fourth quarter valued at approximately $1,920,000. Finally, Blue Trust Inc. lifted its position in Sabine Royalty Trust by 15.4% during the fourth quarter. Blue Trust Inc. now owns 28,842 shares of the energy company's stock valued at $1,869,000 after acquiring an additional 3,850 shares during the last quarter. Institutional investors own 15.81% of the company's stock.

Analyst Ratings Changes

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

Sabine Royalty Trust Stock Performance

SBR stock traded down $0.39 on Tuesday, hitting $65.55. 35,125 shares of the company's stock were exchanged, compared to its average volume of 38,302. The firm has a 50 day moving average price of $65.30 and a two-hundred day moving average price of $65.70. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $70.20. The stock has a market cap of $955.65 million, a P/E ratio of 10.10 and a beta of 0.29.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share 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 $19.40 million for the quarter.

Sabine Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.4265 per share. This represents a $5.12 annualized dividend and a yield of 7.81%. The ex-dividend date is Monday, June 16th. Sabine Royalty Trust's dividend payout ratio is presently 100.75%.

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.