Sabine Royalty Trust (NYSE:SBR) Shares Bought by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC increased its stake in Sabine Royalty Trust (NYSE:SBR - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,921 shares of the energy company's stock after acquiring an additional 9,553 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.75% of Sabine Royalty Trust worth $7,124,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Howard Financial Services LTD. grew its position in shares of Sabine Royalty Trust by 14.6% in the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company's stock valued at $5,012,000 after purchasing an additional 9,840 shares during the period. Raymond James Financial Inc. acquired a new stake in Sabine Royalty Trust in the 4th quarter worth about $1,920,000. Blue Trust Inc. boosted its holdings in Sabine Royalty Trust by 15.4% in the 4th quarter. Blue Trust Inc. now owns 28,842 shares of the energy company's stock worth $1,869,000 after buying an additional 3,850 shares during the last quarter. Prospera Financial Services Inc raised its stake in Sabine Royalty Trust by 12.1% during the third quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company's stock worth $1,762,000 after purchasing an additional 3,070 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in Sabine Royalty Trust by 2.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 28,211 shares of the energy company's stock valued at $1,828,000 after purchasing an additional 597 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

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Sabine Royalty Trust Stock Down 0.9 %

NYSE:SBR traded down $0.62 on Friday, reaching $66.52. The company's stock had a trading volume of 57,475 shares, compared to its average volume of 36,966. Sabine Royalty Trust has a 12-month low of $58.60 and a 12-month high of $70.20. The stock has a 50 day moving average price of $66.66 and a 200 day moving average price of $64.01. The firm has a market cap of $969.72 million, a price-to-earnings ratio of 10.25 and a beta of 0.44.

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

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.3012 dividend. This represents a $3.61 annualized dividend and a yield of 5.43%. The ex-dividend date is Monday, March 17th. This is an increase from Sabine Royalty Trust's previous monthly dividend of $0.14. Sabine Royalty Trust's dividend payout ratio (DPR) is 66.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a "hold" rating to a "buy" rating in a report on Monday, February 10th.

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.