Sabine Royalty Trust (NYSE:SBR) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. cut its holdings in Sabine Royalty Trust (NYSE:SBR) by 13.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,615 shares of the energy company’s stock after selling 250 shares during the period. Geneos Wealth Management Inc.’s holdings in Sabine Royalty Trust were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in Sabine Royalty Trust by 9.3% in the 3rd quarter. Stifel Financial Corp now owns 12,159 shares of the energy company’s stock valued at $801,000 after acquiring an additional 1,035 shares during the last quarter. LPL Financial LLC raised its holdings in Sabine Royalty Trust by 15.8% in the 3rd quarter. LPL Financial LLC now owns 21,410 shares of the energy company’s stock valued at $1,411,000 after acquiring an additional 2,916 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Sabine Royalty Trust by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,675 shares of the energy company’s stock valued at $636,000 after acquiring an additional 297 shares during the last quarter. UBS Group AG increased its holdings in shares of Sabine Royalty Trust by 10.6% during the 3rd quarter. UBS Group AG now owns 13,831 shares of the energy company’s stock worth $911,000 after buying an additional 1,320 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Sabine Royalty Trust by 40.9% during the 3rd quarter. HighTower Advisors LLC now owns 9,947 shares of the energy company’s stock worth $654,000 after buying an additional 2,887 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Sabine Royalty Trust Stock Down 4.7 %

SBR stock opened at $63.71 on Tuesday. The company has a market cap of $928.89 million, a price-to-earnings ratio of 10.29 and a beta of 0.51. The business has a fifty day simple moving average of $62.80 and a 200-day simple moving average of $63.32. Sabine Royalty Trust has a 52 week low of $55.60 and a 52 week high of $79.12.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, February 29th. The energy company reported $2.30 EPS for the quarter. The business had revenue of $34.35 million during the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.5355 per share. This represents a $6.43 dividend on an annualized basis and a dividend yield of 10.09%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Friday, April 12th. Sabine Royalty Trust’s dividend payout ratio is presently 103.88%.

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.