Beacon Pointe Advisors LLC Has $12.19 Million Stake in Sabine Royalty Trust (NYSE:SBR)

Beacon Pointe Advisors LLC grew its position in shares of Sabine Royalty Trust (NYSE:SBR) by 289.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,111 shares of the energy company’s stock after buying an additional 139,836 shares during the quarter. Beacon Pointe Advisors LLC owned approximately 1.29% of Sabine Royalty Trust worth $12,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted 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. State Street Corp grew its stake in Sabine Royalty Trust by 3.8% in the 3rd 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 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 valued at $64,000 after buying an additional 456 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Sabine Royalty Trust in the 4th quarter valued at $1,920,000. Finally, Horizon Kinetics Asset Management LLC grew its stake in Sabine Royalty Trust by 9.5% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company’s stock valued at $7,124,000 after buying an additional 9,553 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Sabine Royalty Trust Stock Performance

NYSE:SBR opened at $67.37 on Tuesday. The firm’s 50-day moving average is $65.70 and its 200-day moving average is $64.81. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $70.20. The company has a market cap of $982.19 million, a price-to-earnings ratio of 10.38 and a beta of 0.25.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data 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 company 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 issued a dividend of $0.5039 per share. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.05 annualized dividend and a dividend yield of 8.98%. Sabine Royalty Trust’s payout ratio is presently 110.62%.

Wall Street Analyst Weigh In

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

About Sabine Royalty Trust

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.