Sabine Royalty Trust (NYSE:SBR) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC cut its position in Sabine Royalty Trust (NYSE:SBR) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,758 shares of the energy company’s stock after selling 325 shares during the period. Tyche Wealth Partners LLC’s holdings in Sabine Royalty Trust were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SBR. Signature Resources Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter worth about $39,000. JPMorgan Chase & Co. boosted its stake in shares of Sabine Royalty Trust by 79.7% in the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after buying an additional 456 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Sabine Royalty Trust in the third quarter worth about $230,000. M.E. Allison & CO. Inc. purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter worth about $259,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Sabine Royalty Trust by 1,683.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock worth $306,000 after buying an additional 4,462 shares during the last quarter. 15.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd.

Sabine Royalty Trust Stock Down 2.5 %

Shares of SBR opened at $67.02 on Friday. The company has a market capitalization of $977.01 million, a price-to-earnings ratio of 10.33 and a beta of 0.48. The stock’s 50-day moving average price is $65.24 and its 200-day moving average price is $63.19. Sabine Royalty Trust has a 52 week low of $58.60 and a 52 week high of $69.50.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Tuesday, November 12th. The energy company reported $1.31 earnings per share (EPS) for the quarter. The company had revenue of $19.93 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.4483 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $5.38 dividend on an annualized basis and a yield of 8.03%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is currently 82.90%.

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.