Fielder Capital Group LLC Has $736,000 Stock Holdings in Sabine Royalty Trust (NYSE:SBR)

Fielder Capital Group LLC cut its position in shares of Sabine Royalty Trust (NYSE:SBR) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,377 shares of the energy company’s stock after selling 356 shares during the period. Fielder Capital Group LLC owned 0.08% of Sabine Royalty Trust worth $736,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Olistico Wealth LLC acquired a new position in shares of Sabine Royalty Trust during the 2nd quarter worth about $28,000. Family Firm Inc. acquired a new position in Sabine Royalty Trust in the 2nd quarter valued at about $48,000. Creekmur Asset Management LLC acquired a new position in Sabine Royalty Trust in the 4th quarter valued at about $147,000. TCG Advisory Services LLC acquired a new position in Sabine Royalty Trust in the 4th quarter valued at about $296,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Sabine Royalty Trust in the 2nd quarter valued at about $302,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

Sabine Royalty Trust Stock Down 1.0 %

SBR traded down $0.62 on Friday, reaching $64.24. The company had a trading volume of 19,793 shares, compared to its average volume of 42,337. The company’s fifty day moving average is $63.75 and its 200 day moving average is $63.54. Sabine Royalty Trust has a fifty-two week low of $55.60 and a fifty-two week high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%. The firm had revenue of $22.78 million for the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.451 per share. This represents a $5.41 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date of this dividend was Thursday, August 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.38. Sabine Royalty Trust’s dividend payout ratio is presently 93.92%.

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.