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

Howard Financial Services LTD. lifted its holdings in Sabine Royalty Trust (NYSE:SBR) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,336 shares of the energy company’s stock after buying an additional 9,840 shares during the quarter. Howard Financial Services LTD. owned 0.53% of Sabine Royalty Trust worth $5,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SBR. JPMorgan Chase & Co. increased its holdings in Sabine Royalty Trust by 79.7% in the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after buying an additional 456 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Sabine Royalty Trust during the third quarter worth $230,000. Sunbelt Securities Inc. grew its holdings in Sabine Royalty Trust by 733.3% in the third quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company’s stock valued at $309,000 after purchasing an additional 4,400 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Sabine Royalty Trust in the 2nd quarter valued at about $323,000. Finally, Philip James Wealth Mangement LLC purchased a new position in Sabine Royalty Trust during the 3rd quarter valued at about $327,000. Institutional investors and hedge funds own 15.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sabine Royalty Trust Price Performance

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

Sabine Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a $0.4483 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date is Wednesday, January 15th. This represents a $5.38 annualized dividend and a yield of 8.05%. Sabine Royalty Trust’s payout ratio is presently 57.47%.

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.