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

Islay Capital Management LLC grew its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the energy company’s stock after buying 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 reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBR. Geneos Wealth Management Inc. boosted its stake in Sabine Royalty Trust by 1,683.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock valued at $306,000 after purchasing an additional 4,462 shares during the last quarter. State Street Corp boosted its position in shares of Sabine Royalty Trust by 3.8% during the third quarter. State Street Corp now owns 6,505 shares of the energy company’s stock valued at $402,000 after buying an additional 239 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 buying an additional 456 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Sabine Royalty Trust in the 4th quarter valued at $1,920,000. Finally, Horizon Kinetics Asset Management LLC lifted its stake in Sabine Royalty Trust by 9.5% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company’s stock valued at $7,124,000 after acquiring an additional 9,553 shares in the last quarter. 15.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Sabine Royalty Trust Stock Performance

NYSE:SBR opened at $61.93 on Friday. Sabine Royalty Trust has a 52 week low of $58.60 and a 52 week high of $70.20. The firm has a 50-day moving average price of $66.81 and a two-hundred day moving average price of $64.42. The firm has a market cap of $902.80 million, a price-to-earnings ratio of 9.54 and a beta of 0.44.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly 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 business had revenue of $19.55 million for the quarter.

Sabine Royalty Trust Increases Dividend

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