Raymond James Financial Inc. Makes New $1.92 Million Investment in Sabine Royalty Trust (NYSE:SBR)

Raymond James Financial Inc. bought a new stake in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 29,620 shares of the energy company's stock, valued at approximately $1,920,000. Raymond James Financial Inc. owned approximately 0.20% of Sabine Royalty Trust at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. TrueMark Investments LLC lifted its stake in shares of Sabine Royalty Trust by 547.0% during the fourth quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company's stock worth $5,723,000 after purchasing an additional 74,655 shares in the last quarter. Clare Market Investments LLC purchased a new stake in shares of Sabine Royalty Trust during the 4th quarter valued at about $1,510,000. Sendero Wealth Management LLC acquired a new position in Sabine Royalty Trust during the 4th quarter worth approximately $838,000. Rahlfs Capital LLC purchased a new position in Sabine Royalty Trust in the 4th quarter worth approximately $770,000. Finally, Howard Financial Services LTD. grew its position in 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 acquiring an additional 9,840 shares in the last quarter. 15.81% of the stock is owned by hedge funds and other 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 Down 1.9 %

SBR stock traded down $1.22 during trading on Monday, reaching $63.91. The stock had a trading volume of 77,981 shares, compared to its average volume of 38,527. The firm has a fifty day moving average price of $65.48 and a 200 day moving average price of $64.92. The company has a market capitalization of $931.67 million, a P/E ratio of 9.85 and a beta of 0.30. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $70.20.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 EPS for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%. The firm had revenue of $19.55 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.5039 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $6.05 dividend on an annualized basis and a dividend yield of 9.46%. This is an increase from Sabine Royalty Trust's previous monthly dividend of $0.30. Sabine Royalty Trust's dividend payout ratio (DPR) is presently 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.