Signature Resources Capital Management LLC Buys New Shares in Sabine Royalty Trust (NYSE:SBR)

Signature Resources Capital Management LLC purchased a new position in Sabine Royalty Trust (NYSE:SBR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 600 shares of the energy company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SBR. Howard Financial Services LTD. lifted its holdings in shares of Sabine Royalty Trust by 160.8% in the third quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock worth $4,158,000 after buying an additional 41,618 shares in the last quarter. State Street Corp lifted its stake in Sabine Royalty Trust by 3.8% in the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after purchasing an additional 239 shares in the last quarter. American National Bank & Trust boosted its holdings in shares of Sabine Royalty Trust by 1.3% during the 3rd quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock valued at $2,265,000 after purchasing an additional 483 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Sabine Royalty Trust during the third quarter valued at about $230,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Sabine Royalty Trust in the second quarter worth about $323,000. 15.81% of the stock is owned by institutional investors.

Sabine Royalty Trust Stock Up 0.8 %

SBR stock opened at $66.83 on Tuesday. The company has a fifty day simple moving average of $64.30 and a two-hundred day simple moving average of $63.00. Sabine Royalty Trust has a 52 week low of $57.73 and a 52 week high of $69.50. The firm has a market capitalization of $974.31 million, a P/E ratio of 10.30 and a beta of 0.48.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be given a $0.4483 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $5.38 annualized dividend and a yield of 8.05%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 82.90%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research note on Friday.

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.