Sabine Royalty Trust (NYSE:SBR) Position Boosted by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 9.7% during the 4th quarter, HoldingsChannel reports. The fund owned 28,160 shares of the energy company’s stock after purchasing an additional 2,501 shares during the period. Moors & Cabot Inc.’s holdings in Sabine Royalty Trust were worth $1,825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew 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 acquiring an additional 4,462 shares in the last quarter. State Street Corp lifted its holdings in shares of Sabine Royalty Trust by 3.8% during the 3rd 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. lifted 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 purchasing an additional 456 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Sabine Royalty Trust in the 3rd quarter worth approximately $230,000. Finally, Blue Trust Inc. lifted its holdings in Sabine Royalty Trust by 15.4% in 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 during the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Analysts Set New Price Targets

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

Sabine Royalty Trust Stock Up 0.6 %

Shares of SBR stock opened at $64.82 on Thursday. Sabine Royalty Trust has a 12 month low of $58.60 and a 12 month high of $70.20. The firm has a market cap of $945.01 million, a PE ratio of 9.99 and a beta of 0.44. The stock has a 50 day moving average of $66.63 and a 200-day moving average of $63.94.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. The business had revenue of $19.55 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.3012 per share. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $3.61 dividend on an annualized basis and a dividend yield of 5.58%. Sabine Royalty Trust’s payout ratio is currently 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.