Islay Capital Management LLC Boosts Stake in Sabine Royalty Trust (NYSE:SBR)

Islay Capital Management LLC lifted its holdings in Sabine Royalty Trust (NYSE:SBR) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500 shares of the energy company’s stock after buying an additional 500 shares during the quarter. Islay Capital Management LLC’s holdings in Sabine Royalty Trust were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Significant Wealth Partners LLC acquired a new position in shares of Sabine Royalty Trust in the fourth quarter worth $2,647,000. Tyche Wealth Partners LLC acquired a new position in shares of Sabine Royalty Trust in the fourth quarter worth $345,000. Koshinski Asset Management Inc. raised its holdings in shares of Sabine Royalty Trust by 39.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 33,085 shares of the energy company’s stock worth $2,240,000 after acquiring an additional 9,305 shares during the last quarter. HighTower Advisors LLC increased its stake in Sabine Royalty Trust by 40.9% in the third quarter. HighTower Advisors LLC now owns 9,947 shares of the energy company’s stock valued at $654,000 after purchasing an additional 2,887 shares during the last quarter. Finally, Pathstone Family Office LLC acquired a new position in Sabine Royalty Trust in the third quarter valued at $238,000. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

Sabine Royalty Trust Stock Performance

Sabine Royalty Trust stock traded down $1.49 during trading on Tuesday, hitting $61.70. The company’s stock had a trading volume of 27,538 shares, compared to its average volume of 35,990. The stock has a market capitalization of $899.59 million, a price-to-earnings ratio of 10.18 and a beta of 0.51. The stock’s fifty day moving average is $62.95 and its 200 day moving average is $63.24. Sabine Royalty Trust has a 1-year low of $55.60 and a 1-year high of $76.35.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, February 29th. The energy company reported $2.30 EPS for the quarter. The firm had revenue of $34.35 million during the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 29th. Shareholders of record on Monday, April 15th were paid a dividend of $0.5355 per share. The ex-dividend date was Friday, April 12th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $6.43 annualized dividend and a yield of 10.41%. Sabine Royalty Trust’s dividend payout ratio is currently 103.88%.

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.