TrueMark Investments LLC Increases Holdings in Sabine Royalty Trust (NYSE:SBR)

TrueMark Investments LLC boosted its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 547.0% in the 4th quarter, Holdings Channel reports. The firm owned 88,303 shares of the energy company’s stock after buying an additional 74,655 shares during the period. Sabine Royalty Trust accounts for about 1.8% of TrueMark Investments LLC’s holdings, making the stock its 6th largest position. TrueMark Investments LLC’s holdings in Sabine Royalty Trust were worth $5,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBR. Signature Resources Capital Management LLC bought a new stake in shares of Sabine Royalty Trust during the fourth quarter worth $39,000. Campbell Capital Management Inc. acquired a new position in shares of Sabine Royalty Trust in the fourth quarter valued at approximately $52,000. JPMorgan Chase & Co. raised its holdings in Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after buying an additional 456 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of Sabine Royalty Trust during the fourth quarter worth $91,000. Finally, PNC Financial Services Group Inc. lifted its holdings 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 buying an additional 2,010 shares during the period. 15.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

Sabine Royalty Trust Stock Performance

Shares of NYSE SBR opened at $67.15 on Wednesday. The company’s 50 day moving average price is $66.75 and its 200-day moving average price is $64.11. Sabine Royalty Trust has a 52-week low of $58.60 and a 52-week high of $70.20. The company has a market capitalization of $978.98 million, a P/E ratio of 10.35 and a beta of 0.44.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%. The business had revenue of $19.55 million for the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.3012 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.61 annualized dividend and a dividend yield of 5.38%. Sabine Royalty Trust’s dividend payout ratio is presently 66.12%.

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.