BWM Planning LLC Invests $1.33 Million in Sabine Royalty Trust (NYSE:SBR)

BWM Planning LLC purchased a new position in Sabine Royalty Trust (NYSE:SBR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,552 shares of the energy company’s stock, valued at approximately $1,331,000. BWM Planning LLC owned approximately 0.15% of Sabine Royalty Trust at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Howard Financial Services LTD. boosted its stake in Sabine Royalty Trust by 160.8% during the third quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock worth $4,158,000 after buying an additional 41,618 shares in the last quarter. American National Bank & Trust lifted its stake 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 valued at $2,265,000 after acquiring an additional 483 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Sabine Royalty Trust during the 2nd quarter worth approximately $323,000. Moors & Cabot Inc. raised its stake in Sabine Royalty Trust by 0.8% in the second quarter. Moors & Cabot Inc. now owns 23,998 shares of the energy company’s stock valued at $1,552,000 after purchasing an additional 201 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Sabine Royalty Trust by 77.1% in the second quarter. Commonwealth Equity Services LLC now owns 38,820 shares of the energy company’s stock valued at $2,511,000 after acquiring an additional 16,902 shares during the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

Sabine Royalty Trust Stock Performance

SBR traded up $0.16 during trading on Friday, reaching $62.80. 2,402 shares of the company were exchanged, compared to its average volume of 35,971. The company’s 50-day moving average is $61.98 and its two-hundred day moving average is $63.54. Sabine Royalty Trust has a 12-month low of $55.60 and a 12-month high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. The business had revenue of $22.78 million for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.4358 per share. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $5.23 dividend on an annualized basis and a yield of 8.33%. Sabine Royalty Trust’s payout ratio is presently 82.68%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

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.