Raymond James & Associates Lowers Holdings in Sabine Royalty Trust (NYSE:SBR)

Raymond James & Associates trimmed its position in Sabine Royalty Trust (NYSE:SBR) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,837 shares of the energy company’s stock after selling 641 shares during the period. Raymond James & Associates owned approximately 0.18% of Sabine Royalty Trust worth $1,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp grew its position in Sabine Royalty Trust by 9.3% in the 3rd quarter. Stifel Financial Corp now owns 12,159 shares of the energy company’s stock valued at $801,000 after buying an additional 1,035 shares during the last quarter. LPL Financial LLC grew its position in Sabine Royalty Trust by 15.8% in the 3rd quarter. LPL Financial LLC now owns 21,410 shares of the energy company’s stock valued at $1,411,000 after buying an additional 2,916 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Sabine Royalty Trust by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,675 shares of the energy company’s stock valued at $636,000 after buying an additional 297 shares during the last quarter. UBS Group AG lifted its holdings in Sabine Royalty Trust by 10.6% in the third quarter. UBS Group AG now owns 13,831 shares of the energy company’s stock valued at $911,000 after acquiring an additional 1,320 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Sabine Royalty Trust by 40.9% during the 3rd quarter. HighTower Advisors LLC now owns 9,947 shares of the energy company’s stock worth $654,000 after purchasing an additional 2,887 shares in the last quarter. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

Sabine Royalty Trust Stock Up 0.1 %

NYSE:SBR opened at $64.17 on Thursday. Sabine Royalty Trust has a fifty-two week low of $55.60 and a fifty-two week high of $79.12. The firm’s fifty day simple moving average is $62.92 and its 200-day simple moving average is $63.31. The stock has a market cap of $935.60 million, a PE ratio of 10.37 and a beta of 0.51.

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

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.5355 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date is Friday, April 12th. This represents a $6.43 annualized dividend and a dividend yield of 10.01%. Sabine Royalty Trust’s payout ratio 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.