Savant Capital LLC Acquires New Position in Sabine Royalty Trust $SBR

Savant Capital LLC acquired a new stake in shares of Sabine Royalty Trust (NYSE:SBR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,964 shares of the energy company’s stock, valued at approximately $820,000.

A number of other hedge funds also recently made changes to their positions in the stock. Americana Partners LLC grew its stake in shares of Sabine Royalty Trust by 2.1% during the 4th quarter. Americana Partners LLC now owns 269,933 shares of the energy company’s stock valued at $18,509,000 after acquiring an additional 5,529 shares during the period. Prospera Financial Services Inc grew its stake in shares of Sabine Royalty Trust by 173.9% during the 4th quarter. Prospera Financial Services Inc now owns 158,609 shares of the energy company’s stock valued at $10,876,000 after acquiring an additional 100,691 shares during the period. Two Sigma Investments LP grew its stake in shares of Sabine Royalty Trust by 31.0% during the 3rd quarter. Two Sigma Investments LP now owns 73,515 shares of the energy company’s stock valued at $5,842,000 after acquiring an additional 17,385 shares during the period. Bank of America Corp DE grew its stake in shares of Sabine Royalty Trust by 40.5% during the 3rd quarter. Bank of America Corp DE now owns 40,023 shares of the energy company’s stock valued at $3,180,000 after acquiring an additional 11,527 shares during the period. Finally, Citadel Advisors LLC grew its stake in shares of Sabine Royalty Trust by 19.1% during the 3rd quarter. Citadel Advisors LLC now owns 31,090 shares of the energy company’s stock valued at $2,470,000 after acquiring an additional 4,995 shares during the period. 15.81% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Trading Up 1.4%

Shares of NYSE:SBR opened at $76.91 on Wednesday. The stock has a 50 day moving average of $75.55 and a 200 day moving average of $73.11. The company has a market cap of $1.12 billion, a PE ratio of 16.40 and a beta of 0.21. Sabine Royalty Trust has a 12-month low of $64.57 and a 12-month high of $84.39.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.4979 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.32. Sabine Royalty Trust’s payout ratio is presently 127.29%.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.