Bokf Na Has $419,000 Holdings in Sabine Royalty Trust (NYSE:SBR)

Bokf Na trimmed its holdings in Sabine Royalty Trust (NYSE:SBR) by 35.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,500 shares of the energy company’s stock after selling 3,500 shares during the period. Bokf Na’s holdings in Sabine Royalty Trust were worth $419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Sabine Royalty Trust by 79.7% in the third 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. Sendero Wealth Management LLC acquired a new stake in Sabine Royalty Trust during the fourth quarter worth approximately $838,000. Howard Financial Services LTD. grew its position in shares of Sabine Royalty Trust by 14.6% in the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock valued at $5,012,000 after purchasing an additional 9,840 shares during the last quarter. M.E. Allison & CO. Inc. bought a new position in shares of Sabine Royalty Trust during the fourth quarter worth approximately $259,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Sabine Royalty Trust during the 4th quarter worth approximately $39,000. 15.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 Up 0.1 %

Shares of SBR opened at $64.45 on Friday. The stock has a market capitalization of $939.62 million, a PE ratio of 9.93 and a beta of 0.29. The firm’s 50 day moving average is $65.32 and its 200-day moving average is $64.96. 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 announced its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.4478 per share. The ex-dividend date is Thursday, May 15th. This represents a $5.37 dividend on an annualized basis and a yield of 8.34%. Sabine Royalty Trust’s payout ratio is 98.35%.

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.