Raymond James Financial Inc. Purchases Shares of 29,620 Sabine Royalty Trust (NYSE:SBR)

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sendero Wealth Management LLC acquired a new stake in shares of Sabine Royalty Trust in the 4th quarter worth approximately $838,000. Howard Financial Services LTD. boosted its position in Sabine Royalty Trust by 14.6% during the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company's stock worth $5,012,000 after purchasing an additional 9,840 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in 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 valued at $306,000 after purchasing an additional 4,462 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Sabine Royalty Trust by 733.3% in the third quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company's stock valued at $309,000 after buying an additional 4,400 shares in the last quarter. Finally, M.E. Allison & CO. Inc. acquired a new position in shares of Sabine Royalty Trust during the 4th quarter worth $259,000. 15.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sabine Royalty Trust Stock Down 7.0 %

Shares of SBR traded down $4.65 during mid-day trading on Friday, reaching $61.93. 116,035 shares of the company's stock were exchanged, compared to its average volume of 37,994. Sabine Royalty Trust has a 52-week low of $58.60 and a 52-week high of $70.20. The company has a market cap of $902.80 million, a price-to-earnings ratio of 9.54 and a beta of 0.44. The company has a 50-day simple moving average of $66.81 and a two-hundred day simple moving average of $64.42.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 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%. The company had revenue of $19.55 million during the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.3012 dividend. This is an increase from Sabine Royalty Trust's previous monthly dividend of $0.14. The ex-dividend date was Monday, March 17th. This represents a $3.61 annualized dividend and a yield of 5.84%. Sabine Royalty Trust's payout ratio is presently 66.12%.

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.