Howard Financial Services LTD. Acquires 41,618 Shares of Sabine Royalty Trust (NYSE:SBR)

Howard Financial Services LTD. increased its position in Sabine Royalty Trust (NYSE:SBR - Free Report) by 160.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,496 shares of the energy company's stock after acquiring an additional 41,618 shares during the quarter. Howard Financial Services LTD. owned about 0.46% of Sabine Royalty Trust worth $4,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust increased its stake in Sabine Royalty Trust by 1.3% in the 3rd quarter. American National Bank & Trust now owns 36,668 shares of the energy company's stock worth $2,265,000 after buying an additional 483 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Sabine Royalty Trust in the 2nd quarter worth approximately $323,000. Moors & Cabot Inc. lifted its holdings in Sabine Royalty Trust by 0.8% in the 2nd quarter. Moors & Cabot Inc. now owns 23,998 shares of the energy company's stock worth $1,552,000 after purchasing an additional 201 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Sabine Royalty Trust by 77.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 38,820 shares of the energy company's stock worth $2,511,000 after purchasing an additional 16,902 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in Sabine Royalty Trust during the 2nd quarter valued at approximately $302,000. Institutional investors own 15.81% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research report on Monday, August 12th.

Sabine Royalty Trust Stock Down 0.3 %

Shares of SBR traded down $0.17 during midday trading on Wednesday, hitting $61.92. 18,397 shares of the company traded hands, compared to its average volume of 39,246. The firm has a 50 day moving average of $61.98 and a 200-day moving average of $63.54. Sabine Royalty Trust has a 52 week low of $55.60 and a 52 week high of $72.50.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%. The company had revenue of $22.78 million for the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 15th will be given a $0.4358 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $5.23 annualized dividend and a yield of 8.45%. This is a positive change from Sabine Royalty Trust's previous monthly dividend of $0.14. Sabine Royalty Trust's dividend payout ratio (DPR) is currently 87.85%.

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.