FineMark National Bank & Trust Makes New $318,000 Investment in Sabine Royalty Trust (NYSE:SBR)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in shares of Sabine Royalty Trust in the 3rd quarter valued at $230,000. State Street Corp lifted its position in shares of Sabine Royalty Trust by 3.8% in the 3rd 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. Sunbelt Securities Inc. grew its position in Sabine Royalty Trust by 733.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company's stock worth $309,000 after purchasing an additional 4,400 shares in the last quarter. JPMorgan Chase & Co. grew its position in Sabine Royalty Trust by 79.7% during 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 in the last quarter. Finally, Sendero Wealth Management LLC acquired a new stake in Sabine Royalty Trust during the 4th quarter valued at $838,000. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Trading Up 0.8 %

NYSE SBR traded up $0.52 during trading on Monday, reaching $67.53. 36,281 shares of the company's stock were exchanged, compared to its average volume of 37,631. Sabine Royalty Trust has a fifty-two week low of $58.60 and a fifty-two week high of $70.20. The company's fifty day simple moving average is $66.77 and its 200-day simple moving average is $64.31. The firm has a market capitalization of $984.48 million, a PE ratio of 10.40 and a beta of 0.44.

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

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.3012 per share. This is a boost from Sabine Royalty Trust's previous monthly dividend of $0.14. This represents a $3.61 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Monday, March 17th. Sabine Royalty Trust's payout ratio is currently 66.12%.

Analysts Set New Price Targets

Separately, StockNews.com raised 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.