Tyche Wealth Partners LLC Acquires Shares of 5,083 Sabine Royalty Trust (NYSE:SBR)

Tyche Wealth Partners LLC acquired a new stake in shares of Sabine Royalty Trust (NYSE:SBR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,083 shares of the energy company’s stock, valued at approximately $345,000.

Several other institutional investors have also added to or reduced their stakes in SBR. Koshinski Asset Management Inc. boosted its position in shares of Sabine Royalty Trust by 39.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 33,085 shares of the energy company’s stock valued at $2,240,000 after acquiring an additional 9,305 shares during the period. Stifel Financial Corp boosted its position in shares of Sabine Royalty Trust by 9.3% in the third quarter. Stifel Financial Corp now owns 12,159 shares of the energy company’s stock valued at $801,000 after acquiring an additional 1,035 shares during the period. LPL Financial LLC boosted its position in shares of Sabine Royalty Trust by 15.8% in the third quarter. LPL Financial LLC now owns 21,410 shares of the energy company’s stock valued at $1,411,000 after acquiring an additional 2,916 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Sabine Royalty Trust by 3.2% in the third quarter. Envestnet Asset Management Inc. now owns 9,675 shares of the energy company’s stock valued at $636,000 after acquiring an additional 297 shares during the period. Finally, UBS Group AG boosted its position in shares of Sabine Royalty Trust by 10.6% in the third quarter. UBS Group AG now owns 13,831 shares of the energy company’s stock valued at $911,000 after acquiring an additional 1,320 shares during the period. 15.81% of the stock is owned by hedge funds and other institutional investors.

Sabine Royalty Trust Trading Up 0.1 %

SBR stock opened at $64.17 on Thursday. The firm has a 50 day moving average of $62.92 and a 200-day moving average of $63.31. Sabine Royalty Trust has a 12 month low of $55.60 and a 12 month high of $79.12. The firm has a market capitalization of $935.60 million, a P/E ratio of 10.37 and a beta of 0.51.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Thursday, February 29th. The energy company reported $2.30 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.20% and a return on equity of 1,059.66%. The business had revenue of $34.35 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a dividend of $0.5355 per share. The ex-dividend date is Friday, April 12th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $6.43 annualized dividend and a yield of 10.01%. Sabine Royalty Trust’s payout ratio is presently 103.88%.

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.