FineMark National Bank & Trust Acquires Shares of 4,903 Sabine Royalty Trust (NYSE:SBR)

FineMark National Bank & Trust bought a new position in Sabine Royalty Trust (NYSE:SBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,903 shares of the energy company’s stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBR. Horizon Kinetics Asset Management LLC lifted its position in shares of Sabine Royalty Trust by 9.5% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company’s stock worth $7,124,000 after buying an additional 9,553 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in Sabine Royalty Trust in the 4th quarter worth approximately $52,000. Commonwealth Equity Services LLC raised its holdings in shares of Sabine Royalty Trust by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,038 shares of the energy company’s stock worth $1,558,000 after acquiring an additional 511 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Sabine Royalty Trust by 9.7% during the 4th quarter. Moors & Cabot Inc. now owns 28,160 shares of the energy company’s stock worth $1,825,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Clare Market Investments LLC bought a new position in shares of Sabine Royalty Trust during the 4th quarter valued at approximately $1,510,000. Institutional investors own 15.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

Sabine Royalty Trust Stock Down 0.3 %

Shares of NYSE SBR opened at $66.66 on Thursday. Sabine Royalty Trust has a twelve month low of $58.60 and a twelve month high of $70.20. The firm has a market cap of $971.76 million, a PE ratio of 10.27 and a beta of 0.44. The business has a fifty day simple moving average of $66.75 and a two-hundred day simple moving average of $64.13.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, February 27th. The energy company reported $1.27 earnings per share 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 $19.55 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.3012 per share. The ex-dividend date of this dividend is Monday, March 17th. This is an increase 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 5.42%. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 66.12%.

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.