Sabine Royalty Trust (NYSE:SBR) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its stake in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,973 shares of the energy company's stock after selling 8,145 shares during the quarter. LPL Financial LLC owned about 0.13% of Sabine Royalty Trust worth $1,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Signature Resources Capital Management LLC purchased a new position in Sabine Royalty Trust in the 4th quarter valued at about $39,000. Campbell Capital Management Inc. acquired a new stake in Sabine Royalty Trust in the fourth quarter valued at approximately $52,000. JPMorgan Chase & Co. grew its position in shares of Sabine Royalty Trust by 79.7% during the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company's stock worth $64,000 after buying an additional 456 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of Sabine Royalty Trust in the fourth quarter worth $91,000. Finally, PNC Financial Services Group Inc. raised its holdings in Sabine Royalty Trust by 153.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company's stock valued at $215,000 after acquiring an additional 2,010 shares in the last quarter. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Sabine Royalty Trust Trading Down 0.6 %

SBR traded down $0.39 on Wednesday, hitting $66.00. 4,268 shares of the company's stock were exchanged, compared to its average volume of 38,261. The firm has a market cap of $962.21 million, a PE ratio of 10.17 and a beta of 0.25. Sabine Royalty Trust has a twelve month low of $58.25 and a twelve month high of $70.20. The stock has a fifty day moving average of $65.84 and a two-hundred day moving average of $64.67.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $19.55 million for the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a $0.5039 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This is a boost from Sabine Royalty Trust's previous monthly dividend of $0.30. This represents a $6.05 annualized dividend and a dividend yield of 9.16%. Sabine Royalty Trust's dividend payout ratio (DPR) is 110.62%.

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.