Sabine Royalty Trust (NYSE:SBR) Shares Bought by Virtus ETF Advisers LLC

Virtus ETF Advisers LLC grew its holdings in Sabine Royalty Trust (NYSE:SBR) by 14.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,923 shares of the energy company’s stock after buying an additional 359 shares during the period. Virtus ETF Advisers LLC’s holdings in Sabine Royalty Trust were worth $189,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Analysts LLC lifted its holdings in Sabine Royalty Trust by 0.8% in the 4th quarter. Capital Analysts LLC now owns 24,245 shares of the energy company’s stock valued at $1,571,000 after purchasing an additional 200 shares in the last quarter. State Street Corp lifted its stake in shares of Sabine Royalty Trust by 3.8% during the third quarter. State Street Corp now owns 6,505 shares of the energy company’s stock valued at $402,000 after buying an additional 239 shares during the period. Stifel Financial Corp boosted its position in Sabine Royalty Trust by 1.8% during the fourth quarter. Stifel Financial Corp now owns 15,391 shares of the energy company’s stock worth $998,000 after acquiring an additional 269 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after acquiring an additional 456 shares during the period. Finally, Islay Capital Management LLC raised its holdings in Sabine Royalty Trust by 14.3% in the 4th quarter. Islay Capital Management LLC now owns 4,000 shares of the energy company’s stock valued at $259,000 after acquiring an additional 500 shares during the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sabine Royalty Trust Trading Up 0.3 %

Shares of NYSE:SBR opened at $67.16 on Monday. The firm has a market cap of $979.15 million, a price-to-earnings ratio of 10.35 and a beta of 0.25. The stock’s 50-day moving average price is $65.74 and its two-hundred day moving average price is $64.78. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $70.20.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%. The business had revenue of $19.55 million for the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.5039 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.30. This represents a $6.05 annualized dividend and a dividend yield of 9.00%. Sabine Royalty Trust’s payout ratio is currently 110.62%.

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.