Mraz Amerine & Associates Inc. Sells 450 Shares of Sabine Royalty Trust (NYSE:SBR)

Mraz Amerine & Associates Inc. lessened its holdings in Sabine Royalty Trust (NYSE:SBR) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,312 shares of the energy company’s stock after selling 450 shares during the quarter. Mraz Amerine & Associates Inc. owned approximately 0.19% of Sabine Royalty Trust worth $1,917,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Morgan Stanley boosted its stake in shares of Sabine Royalty Trust by 9.5% in the 4th quarter. Morgan Stanley now owns 71,085 shares of the energy company’s stock valued at $6,074,000 after purchasing an additional 6,190 shares during the last quarter. Chilton Capital Management LLC boosted its stake in shares of Sabine Royalty Trust by 1.3% in the 1st quarter. Chilton Capital Management LLC now owns 50,753 shares of the energy company’s stock valued at $3,654,000 after purchasing an additional 645 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Sabine Royalty Trust by 1.8% in the 4th quarter. Bank of America Corp DE now owns 45,064 shares of the energy company’s stock valued at $3,851,000 after purchasing an additional 794 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Sabine Royalty Trust by 129.3% in the 2nd quarter. Citadel Advisors LLC now owns 40,743 shares of the energy company’s stock valued at $2,480,000 after purchasing an additional 22,977 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Sabine Royalty Trust by 39.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 33,085 shares of the energy company’s stock valued at $2,240,000 after purchasing an additional 9,305 shares during the last quarter. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Up 0.1 %

Sabine Royalty Trust stock traded up $0.09 during midday trading on Wednesday, hitting $64.17. 31,556 shares of the stock were exchanged, compared to its average volume of 37,506. The company has a fifty day simple moving average of $62.92 and a two-hundred day simple moving average of $63.31. Sabine Royalty Trust has a 52 week low of $55.60 and a 52 week high of $79.12. The stock has a market capitalization of $935.60 million, a PE ratio of 10.37 and a beta of 0.51.

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

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.5355 per share. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $6.43 annualized dividend and a yield of 10.01%. The ex-dividend date is Friday, April 12th. Sabine Royalty Trust’s dividend payout ratio (DPR) is 103.88%.

About Sabine Royalty Trust

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.