Capital Investment Advisors LLC Reduces Stock Position in Sabine Royalty Trust (NYSE:SBR)

Capital Investment Advisors LLC lessened its stake in shares of Sabine Royalty Trust (NYSE:SBR) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,460 shares of the energy company’s stock after selling 800 shares during the quarter. Capital Investment Advisors LLC owned approximately 0.09% of Sabine Royalty Trust worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBR. Blue Trust Inc. increased its position in Sabine Royalty Trust by 15.4% during the 4th quarter. Blue Trust Inc. now owns 28,842 shares of the energy company’s stock worth $1,869,000 after purchasing an additional 3,850 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in 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 purchasing an additional 597 shares in the last quarter. BankPlus Trust Department purchased a new stake in Sabine Royalty Trust during the 4th quarter worth about $91,000. Raymond James Financial Inc. purchased a new stake in Sabine Royalty Trust during the 4th quarter worth about $1,920,000. Finally, PNC Financial Services Group Inc. boosted its stake in Sabine Royalty Trust by 153.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company’s stock worth $215,000 after buying an additional 2,010 shares during the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Trading Down 1.6%

Shares of NYSE:SBR opened at $65.91 on Tuesday. The stock’s 50-day moving average price is $65.32 and its two-hundred day moving average price is $65.70. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $70.20. The firm has a market cap of $960.90 million, a price-to-earnings ratio of 10.16 and a beta of 0.29.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%. The firm had revenue of $19.40 million for the quarter.

Sabine Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.4265 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date of this dividend is Monday, June 16th. Sabine Royalty Trust’s payout ratio is 100.75%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

Sabine Royalty Trust Company 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.