Sabine Royalty Trust (NYSE:SBR) Holdings Trimmed by Edge Capital Group LLC

Edge Capital Group LLC lowered its holdings in Sabine Royalty Trust (NYSE:SBR) by 94.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,609 shares of the energy company’s stock after selling 29,506 shares during the period. Edge Capital Group LLC’s holdings in Sabine Royalty Trust were worth $104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signature Resources Capital Management LLC purchased a new stake in Sabine Royalty Trust in the 4th quarter worth about $39,000. JPMorgan Chase & Co. increased its holdings in shares of Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after purchasing an additional 456 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Sabine Royalty Trust in the third quarter worth approximately $230,000. M.E. Allison & CO. Inc. acquired a new stake in shares of Sabine Royalty Trust during the fourth quarter worth approximately $259,000. Finally, Geneos Wealth Management Inc. grew its position in Sabine Royalty Trust by 1,683.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock valued at $306,000 after purchasing an additional 4,462 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

Sabine Royalty Trust Trading Down 0.2 %

Shares of NYSE:SBR opened at $68.97 on Tuesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 10.63 and a beta of 0.48. Sabine Royalty Trust has a 1 year low of $58.60 and a 1 year high of $70.20. The business has a fifty day simple moving average of $66.17 and a 200 day simple moving average of $63.71.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.4395 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.27 dividend on an annualized basis and a dividend yield of 7.65%. Sabine Royalty Trust’s dividend payout ratio (DPR) is 81.20%.

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.