Geneos Wealth Management Inc. Acquires 4,462 Shares of Sabine Royalty Trust (NYSE:SBR)

Geneos Wealth Management Inc. raised its holdings in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 1,683.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,727 shares of the energy company's stock after purchasing an additional 4,462 shares during the period. Geneos Wealth Management Inc.'s holdings in Sabine Royalty Trust were worth $306,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new stake in Sabine Royalty Trust in the fourth quarter worth about $39,000. JPMorgan Chase & Co. increased its holdings in shares of Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company's stock valued at $64,000 after purchasing an additional 456 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Sabine Royalty Trust during the 3rd quarter valued at $230,000. M.E. Allison & CO. Inc. purchased a new stake in shares of Sabine Royalty Trust during the 4th quarter worth about $259,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Sabine Royalty Trust by 733.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company's stock valued at $309,000 after buying an additional 4,400 shares in the last quarter. 15.81% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Stock Performance

SBR remained flat at $66.10 during midday trading on Thursday. The company's stock had a trading volume of 8,625 shares, compared to its average volume of 33,600. Sabine Royalty Trust has a 12-month low of $57.73 and a 12-month high of $69.50. The stock has a market capitalization of $963.74 million, a PE ratio of 10.18 and a beta of 0.48. The firm has a fifty day simple moving average of $64.84 and a two-hundred day simple moving average of $63.08.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $1.31 earnings per share (EPS) 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 $19.93 million for the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.4483 per share. This represents a $5.38 annualized dividend and a dividend yield of 8.14%. The ex-dividend date was Wednesday, January 15th. 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 presently 82.90%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research report on Saturday, January 25th.

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.