Islay Capital Management LLC Acquires 500 Shares of Sabine Royalty Trust (NYSE:SBR)

Islay Capital Management LLC boosted its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the energy company’s stock after acquiring an additional 500 shares during the quarter. Islay Capital Management LLC’s holdings in Sabine Royalty Trust were worth $259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new stake in shares of Sabine Royalty Trust in the fourth quarter worth $39,000. Campbell Capital Management Inc. acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at about $52,000. JPMorgan Chase & Co. raised its position in shares of Sabine Royalty Trust by 79.7% during the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after acquiring an additional 456 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of Sabine Royalty Trust in the fourth quarter worth approximately $91,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Sabine Royalty Trust by 153.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company’s stock valued at $215,000 after acquiring an additional 2,010 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Sabine Royalty Trust Trading Down 7.0 %

Shares of SBR opened at $61.93 on Friday. The firm’s fifty day simple moving average is $66.81 and its two-hundred day simple moving average is $64.42. Sabine Royalty Trust has a 12 month low of $58.60 and a 12 month high of $70.20. The stock has a market capitalization of $902.80 million, a P/E ratio of 9.54 and a beta of 0.44.

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

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.3012 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $3.61 annualized dividend and a dividend yield of 5.84%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s payout ratio is currently 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.