TrueMark Investments LLC Buys 74,655 Shares of Sabine Royalty Trust (NYSE:SBR)

TrueMark Investments LLC raised its position in Sabine Royalty Trust (NYSE:SBR) by 547.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 88,303 shares of the energy company’s stock after acquiring an additional 74,655 shares during the period. Sabine Royalty Trust comprises 1.8% of TrueMark Investments LLC’s portfolio, making the stock its 6th biggest position. TrueMark Investments LLC owned about 0.61% of Sabine Royalty Trust worth $5,723,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Sabine Royalty Trust by 3.8% during the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after purchasing an additional 239 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after purchasing an additional 456 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Sabine Royalty Trust by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,038 shares of the energy company’s stock valued at $1,558,000 after purchasing an additional 511 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Sabine Royalty Trust by 2.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 28,211 shares of the energy company’s stock worth $1,828,000 after acquiring an additional 597 shares during the last quarter. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Sabine Royalty Trust during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 15.81% of the company’s stock.

Analysts Set New Price Targets

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

Sabine Royalty Trust Stock Performance

NYSE:SBR opened at $67.15 on Wednesday. Sabine Royalty Trust has a 52 week low of $58.60 and a 52 week high of $70.20. The firm’s 50-day simple moving average is $66.75 and its 200 day simple moving average is $64.11. The firm has a market cap of $978.98 million, a price-to-earnings ratio of 10.35 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. The company 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 business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.3012 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $3.61 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Monday, March 17th. Sabine Royalty Trust’s dividend payout ratio is 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.