Sabine Royalty Trust (NYSE:SBR) Stake Lowered by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in 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 institutional investor owned 13,817 shares of the energy company's stock after selling 16,075 shares during the quarter. Two Sigma Investments LP owned about 0.09% of Sabine Royalty Trust worth $895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SBR. Blue Trust Inc. grew its holdings in Sabine Royalty Trust by 15.4% in 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 in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Sabine Royalty Trust by 2.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 28,211 shares of the energy company's stock worth $1,828,000 after buying an additional 597 shares in the last quarter. BankPlus Trust Department bought a new position in Sabine Royalty Trust in the 4th quarter worth approximately $91,000. Raymond James Financial Inc. bought a new position in Sabine Royalty Trust in the 4th quarter worth approximately $1,920,000. Finally, PNC Financial Services Group Inc. grew its holdings in Sabine Royalty Trust by 153.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company's stock worth $215,000 after buying an additional 2,010 shares in the last quarter. 15.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sabine Royalty Trust Price Performance

Shares of SBR stock opened at $67.05 on Friday. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $70.20. The firm has a market capitalization of $977.45 million, a price-to-earnings ratio of 10.33 and a beta of 0.29. The business has a 50 day simple moving average of $65.36 and a 200 day simple moving average of $65.63.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its 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 during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.4478 dividend. The ex-dividend date was Thursday, May 15th. This represents a $5.37 dividend on an annualized basis and a yield of 8.01%. Sabine Royalty Trust's dividend payout ratio (DPR) is 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.

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