Signature Resources Capital Management LLC Invests $39,000 in Sabine Royalty Trust (NYSE:SBR)

Signature Resources Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust (NYSE:SBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 600 shares of the energy company’s stock, valued at approximately $39,000.

Other hedge funds also recently added to or reduced their stakes in the company. M.E. Allison & CO. Inc. purchased a new stake in Sabine Royalty Trust during the 4th quarter valued at $259,000. Howard Financial Services LTD. boosted its position in shares of Sabine Royalty Trust by 14.6% during the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock valued at $5,012,000 after buying an additional 9,840 shares during the last quarter. Sendero Wealth Management LLC purchased a new stake in shares of Sabine Royalty Trust during the fourth quarter valued at $838,000. JPMorgan Chase & Co. increased its holdings in Sabine Royalty Trust by 79.7% in the 3rd 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. Finally, Sunbelt Securities Inc. raised its position in Sabine Royalty Trust by 733.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company’s stock worth $309,000 after buying an additional 4,400 shares during the last quarter. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a report on Friday.

Sabine Royalty Trust Trading Up 0.8 %

Shares of SBR stock opened at $66.83 on Tuesday. Sabine Royalty Trust has a 12-month low of $57.73 and a 12-month high of $69.50. The stock has a market capitalization of $974.31 million, a P/E ratio of 10.30 and a beta of 0.48. The firm’s 50 day moving average is $64.30 and its 200 day moving average is $63.00.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a $0.4483 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.38 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date is Wednesday, January 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is 82.90%.

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.