M.E. Allison & CO. Inc. Purchases New Shares in Sabine Royalty Trust (NYSE:SBR)

M.E. Allison & CO. Inc. purchased a new position in Sabine Royalty Trust (NYSE:SBR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,999 shares of the energy company’s stock, valued at approximately $259,000.

Other hedge funds have also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC increased its position in Sabine Royalty Trust by 0.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock valued at $6,200,000 after purchasing an additional 710 shares during the period. Howard Financial Services LTD. boosted its stake in Sabine Royalty Trust by 14.6% in the 4th quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock worth $5,012,000 after purchasing an additional 9,840 shares in the last quarter. American National Bank & Trust grew its holdings in shares of Sabine Royalty Trust by 1.3% during the third quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock valued at $2,265,000 after buying an additional 483 shares during the last quarter. Prospera Financial Services Inc grew its stake in Sabine Royalty Trust by 12.1% during the 3rd quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock valued at $1,762,000 after purchasing an additional 3,070 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Sabine Royalty Trust by 491.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 27,614 shares of the energy company’s stock worth $1,702,000 after buying an additional 22,949 shares during the period. 15.81% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Stock Up 0.8 %

Shares of NYSE:SBR opened at $66.83 on Monday. Sabine Royalty Trust has a 1 year low of $57.73 and a 1 year high of $69.50. The business’s 50 day moving average price is $64.22 and its 200-day moving average price is $63.00.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 29th. Stockholders 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. This represents a $5.38 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Wednesday, January 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 57.47%.

Analyst Upgrades and Downgrades

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

Sabine Royalty Trust 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.