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

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

Several other hedge funds have also recently bought and sold shares of the business. Signature Resources Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust during the 4th quarter valued at $39,000. Campbell Capital Management Inc. purchased a new position in Sabine Royalty Trust in the fourth quarter valued at about $52,000. JPMorgan Chase & Co. increased its position 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 worth $64,000 after purchasing an additional 456 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of Sabine Royalty Trust during the 4th quarter worth about $91,000. Finally, Virtus ETF Advisers LLC raised its stake in shares of Sabine Royalty Trust by 14.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock worth $189,000 after purchasing an additional 359 shares in the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

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 0.7 %

Shares of SBR traded down $0.43 during mid-day trading on Friday, hitting $65.19. 33,422 shares of the company's stock were exchanged, compared to its average volume of 38,369. The stock has a market cap of $950.41 million, a price-to-earnings ratio of 10.04 and a beta of 0.30. The firm has a fifty day moving average of $65.48 and a two-hundred day moving average of $64.92. Sabine Royalty Trust has a twelve month low of $58.25 and a twelve month high of $70.20.

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

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were paid a $0.5039 dividend. This represents a $6.05 dividend on an annualized basis and a dividend yield of 9.28%. This is an increase from Sabine Royalty Trust's previous monthly dividend of $0.30. The ex-dividend date was Tuesday, April 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is presently 110.62%.

Sabine Royalty Trust Company 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.