Beacon Pointe Advisors LLC Increases Stock Holdings in Sabine Royalty Trust (NYSE:SBR)

Beacon Pointe Advisors LLC increased its holdings in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 289.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 188,111 shares of the energy company's stock after purchasing an additional 139,836 shares during the period. Beacon Pointe Advisors LLC owned approximately 1.29% of Sabine Royalty Trust worth $12,191,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new stake in Sabine Royalty Trust during the fourth quarter worth approximately $39,000. Campbell Capital Management Inc. acquired a new stake in Sabine Royalty Trust during the fourth quarter worth approximately $52,000. JPMorgan Chase & Co. grew its stake in Sabine Royalty Trust by 79.7% during the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company's stock worth $64,000 after purchasing an additional 456 shares during the period. BankPlus Trust Department acquired a new stake in Sabine Royalty Trust during the fourth quarter worth approximately $91,000. Finally, Virtus ETF Advisers LLC boosted its holdings in Sabine Royalty Trust by 14.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock worth $189,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company's stock.

Analysts Set New Price Targets

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

Sabine Royalty Trust Stock Down 0.4 %

NYSE:SBR traded down $0.28 on Thursday, hitting $65.58. The stock had a trading volume of 23,691 shares, compared to its average volume of 38,382. The business's fifty day moving average is $65.59 and its 200 day moving average is $64.83. The company has a market cap of $956.02 million, a PE ratio of 10.10 and a beta of 0.25. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $70.20.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. The business had revenue of $19.55 million 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 Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were given a dividend of $0.5039 per share. This is a boost from Sabine Royalty Trust's previous monthly dividend of $0.30. The ex-dividend date was Tuesday, April 15th. This represents a $6.05 annualized dividend and a dividend yield of 9.22%. Sabine Royalty Trust's payout ratio is presently 110.62%.

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.