Clare Market Investments LLC Invests $1.51 Million in Sabine Royalty Trust (NYSE:SBR)

Clare Market Investments LLC purchased a new position in Sabine Royalty Trust (NYSE:SBR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,293 shares of the energy company’s stock, valued at approximately $1,510,000. Clare Market Investments LLC owned about 0.16% of Sabine Royalty Trust at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SBR. Prospera Financial Services Inc increased its stake in shares of Sabine Royalty Trust by 12.1% in the third quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock worth $1,762,000 after acquiring an additional 3,070 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of Sabine Royalty Trust by 6.9% in the third quarter. Moors & Cabot Inc. now owns 25,659 shares of the energy company’s stock worth $1,585,000 after acquiring an additional 1,661 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its stake in shares of Sabine Royalty Trust by 0.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock worth $6,200,000 after acquiring an additional 710 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Sabine Royalty Trust in the third quarter worth $230,000. Finally, State Street Corp increased its stake in shares of Sabine Royalty Trust by 3.8% in the third quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after acquiring an additional 239 shares during the last quarter. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Price Performance

Sabine Royalty Trust stock opened at $66.30 on Monday. The company has a market capitalization of $966.62 million, a price-to-earnings ratio of 10.22 and a beta of 0.44. Sabine Royalty Trust has a one year low of $58.60 and a one year high of $70.20. The company’s fifty day moving average price is $66.61 and its two-hundred day moving average price is $63.92.

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

Sabine Royalty Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.3012 per share. This is an increase from Sabine Royalty Trust’s previous dividend of $0.14. The ex-dividend date of this dividend is Monday, March 17th. Sabine Royalty Trust’s dividend payout ratio is presently 66.12%.

Analyst Ratings Changes

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

About Sabine Royalty Trust

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.