Sabine Royalty Trust (NYSE:SBR) Holdings Lifted by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its position in shares of Sabine Royalty Trust (NYSE:SBR) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,160 shares of the energy company’s stock after buying an additional 2,501 shares during the quarter. Moors & Cabot Inc. owned 0.19% of Sabine Royalty Trust worth $1,825,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Horizon Kinetics Asset Management LLC boosted its stake in Sabine Royalty Trust by 0.7% during 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 buying an additional 710 shares in the last quarter. Howard Financial Services LTD. boosted its stake in 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 in the last quarter. Raymond James Financial Inc. bought a new position in Sabine Royalty Trust during the fourth quarter valued at about $1,920,000. Blue Trust Inc. boosted its position in shares of Sabine Royalty Trust by 15.4% in the 4th quarter. Blue Trust Inc. now owns 28,842 shares of the energy company’s stock valued at $1,869,000 after purchasing an additional 3,850 shares during the period. Finally, Prospera Financial Services Inc boosted its position in shares of Sabine Royalty Trust by 12.1% in the 3rd quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock valued at $1,762,000 after purchasing an additional 3,070 shares during the period. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Up 0.6 %

NYSE:SBR opened at $64.82 on Thursday. Sabine Royalty Trust has a 1-year low of $58.60 and a 1-year high of $70.20. The firm has a market capitalization of $945.01 million, a price-to-earnings ratio of 9.99 and a beta of 0.44. The stock has a fifty day simple moving average of $66.63 and a 200 day simple moving average of $63.94.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings results 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 business had revenue of $19.55 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.3012 per share. This represents a $3.61 annualized dividend and a yield of 5.58%. 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. Sabine Royalty Trust’s payout ratio is 66.12%.

Analysts Set New Price Targets

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

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.