BankPlus Trust Department Makes New $91,000 Investment in Sabine Royalty Trust (NYSE:SBR)

BankPlus Trust Department bought a new position in shares of Sabine Royalty Trust (NYSE:SBR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,400 shares of the energy company’s stock, valued at approximately $91,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Sabine Royalty Trust by 3.8% during the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after buying an additional 239 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after buying an additional 456 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Sabine Royalty Trust by 2.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 28,211 shares of the energy company’s stock worth $1,828,000 after buying an additional 597 shares in the last quarter. Signature Resources Capital Management LLC acquired a new stake in Sabine Royalty Trust during the 4th quarter worth approximately $39,000. Finally, Horizon Kinetics Asset Management LLC lifted its holdings 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 worth $6,200,000 after buying an additional 710 shares in the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Sabine Royalty Trust Trading Down 0.2 %

Shares of NYSE:SBR opened at $68.97 on Tuesday. The company has a market cap of $1.01 billion, a PE ratio of 10.63 and a beta of 0.48. The company’s 50 day moving average is $66.17 and its two-hundred day moving average is $63.71. Sabine Royalty Trust has a 52 week low of $58.60 and a 52 week high of $70.20.

Sabine Royalty Trust Increases Dividend

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

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.