3,729 Shares in Sabine Royalty Trust (NYSE:SBR) Bought by Captrust Financial Advisors

Captrust Financial Advisors acquired a new position in shares of Sabine Royalty Trust (NYSE:SBR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,729 shares of the energy company’s stock, valued at approximately $230,000.

Several other hedge funds have also added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC raised its stake in Sabine Royalty Trust by 0.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock worth $6,200,000 after buying an additional 710 shares during the period. Moors & Cabot Inc. raised its stake in Sabine Royalty Trust by 6.9% during the 3rd quarter. Moors & Cabot Inc. now owns 25,659 shares of the energy company’s stock worth $1,585,000 after buying an additional 1,661 shares during the period. Prospera Financial Services Inc raised its stake in Sabine Royalty Trust by 12.1% during the 3rd quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock worth $1,762,000 after buying an additional 3,070 shares during the period. Philip James Wealth Mangement LLC acquired a new stake in Sabine Royalty Trust during the 3rd quarter worth $327,000. Finally, Concurrent Investment Advisors LLC raised its stake in Sabine Royalty Trust by 491.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 27,614 shares of the energy company’s stock worth $1,702,000 after buying an additional 22,949 shares during the period. Institutional investors and hedge funds own 15.81% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

Sabine Royalty Trust Price Performance

SBR opened at $63.48 on Monday. The business’s 50-day moving average price is $62.62 and its two-hundred day moving average price is $63.08. Sabine Royalty Trust has a 1 year low of $57.73 and a 1 year high of $70.24.

Sabine Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.3112 dividend. This represents a $3.73 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Monday, December 16th. Sabine Royalty Trust’s dividend payout ratio is 95.07%.

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.