Islay Capital Management LLC Has $237,000 Stock Holdings in Sabine Royalty Trust (NYSE:SBR)

Islay Capital Management LLC increased its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 16.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,500 shares of the energy company’s stock after acquiring an additional 500 shares during the quarter. Islay Capital Management LLC’s holdings in Sabine Royalty Trust were worth $237,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SBR. Significant Wealth Partners LLC acquired a new position in shares of Sabine Royalty Trust during the 4th quarter worth about $2,647,000. Koshinski Asset Management Inc. lifted its position in shares of Sabine Royalty Trust by 39.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 33,085 shares of the energy company’s stock worth $2,240,000 after purchasing an additional 9,305 shares during the last quarter. Tyche Wealth Partners LLC bought a new position in Sabine Royalty Trust during the fourth quarter valued at about $345,000. Pathstone Family Office LLC bought a new position in Sabine Royalty Trust during the third quarter valued at about $238,000. Finally, HighTower Advisors LLC increased its stake in Sabine Royalty Trust by 40.9% during the third quarter. HighTower Advisors LLC now owns 9,947 shares of the energy company’s stock valued at $654,000 after acquiring an additional 2,887 shares during the period. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Trading Down 2.4 %

SBR traded down $1.49 on Tuesday, hitting $61.70. 27,538 shares of the stock traded hands, compared to its average volume of 35,990. Sabine Royalty Trust has a 52 week low of $55.60 and a 52 week high of $76.35. The firm has a market capitalization of $899.59 million, a PE ratio of 10.18 and a beta of 0.51. The business has a fifty day moving average price of $62.95 and a two-hundred day moving average price of $63.24.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Thursday, February 29th. The energy company reported $2.30 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%. The firm had revenue of $34.35 million for the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 29th. Investors of record on Monday, April 15th were paid a dividend of $0.5355 per share. This represents a $6.43 annualized dividend and a yield of 10.41%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, April 12th. Sabine Royalty Trust’s payout ratio is currently 103.88%.

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.