Tyche Wealth Partners LLC Decreases Stock Position in Sabine Royalty Trust (NYSE:SBR)

Tyche Wealth Partners LLC lessened its position in Sabine Royalty Trust (NYSE:SBR) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,758 shares of the energy company’s stock after selling 325 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Sabine Royalty Trust were worth $308,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of Sabine Royalty Trust by 3.8% in the third quarter. State Street Corp now owns 6,505 shares of the energy company’s stock valued at $402,000 after acquiring an additional 239 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Sabine Royalty Trust by 79.7% in the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after acquiring an additional 456 shares in the last quarter. Signature Resources Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at approximately $39,000. Horizon Kinetics Asset Management LLC increased its holdings in shares of Sabine Royalty Trust by 0.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock valued at $6,200,000 after purchasing an additional 710 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in shares of Sabine Royalty Trust by 6.9% in the third quarter. Moors & Cabot Inc. now owns 25,659 shares of the energy company’s stock valued at $1,585,000 after purchasing an additional 1,661 shares during the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Performance

NYSE:SBR opened at $67.02 on Friday. Sabine Royalty Trust has a one year low of $58.60 and a one year high of $69.50. The stock has a market cap of $977.01 million, a PE ratio of 10.33 and a beta of 0.48. The stock has a 50 day moving average price of $65.24 and a 200 day moving average price of $63.19.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $1.31 EPS 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 $19.93 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a $0.4483 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $5.38 dividend on an annualized basis and a yield of 8.03%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s payout ratio is currently 82.90%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sabine Royalty Trust from a “buy” rating to a “hold” rating in a report on Sunday, February 2nd.

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.