Sabine Royalty Trust (NYSE:SBR) Shares Bought by Howard Financial Services LTD.

Howard Financial Services LTD. increased its holdings in Sabine Royalty Trust (NYSE:SBR) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,336 shares of the energy company’s stock after purchasing an additional 9,840 shares during the period. Howard Financial Services LTD.’s holdings in Sabine Royalty Trust were worth $5,012,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new stake in shares of Sabine Royalty Trust during the 2nd quarter worth about $323,000. American National Bank & Trust lifted its holdings 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. BWM Planning LLC purchased a new position in Sabine Royalty Trust in the 3rd quarter valued at about $1,331,000. Concurrent Investment Advisors LLC lifted its stake in shares of Sabine Royalty Trust by 491.9% in the third quarter. Concurrent Investment Advisors LLC now owns 27,614 shares of the energy company’s stock worth $1,702,000 after acquiring an additional 22,949 shares in the last quarter. Finally, Philip James Wealth Mangement LLC purchased a new stake in Sabine Royalty Trust during the 3rd quarter worth approximately $327,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Sabine Royalty Trust Price Performance

Shares of Sabine Royalty Trust stock opened at $66.83 on Friday. The business has a 50-day moving average price of $64.22 and a 200 day moving average price of $63.05. Sabine Royalty Trust has a fifty-two week low of $57.73 and a fifty-two week high of $69.50.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.4483 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.38 annualized dividend and a yield of 8.05%. Sabine Royalty Trust’s dividend payout ratio (DPR) is 57.47%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research note on Friday.

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.