HighTower Advisors LLC Sells 474 Shares of Sabine Royalty Trust (NYSE:SBR)

HighTower Advisors LLC lowered its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 7.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,334 shares of the energy company’s stock after selling 474 shares during the period. HighTower Advisors LLC’s holdings in Sabine Royalty Trust were worth $391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBR. Horizon Kinetics Asset Management LLC raised its holdings in shares of Sabine Royalty Trust by 0.7% in 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 in the last quarter. Howard Financial Services LTD. raised its stake in Sabine Royalty Trust by 160.8% during the third quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock worth $4,158,000 after acquiring an additional 41,618 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Sabine Royalty Trust by 77.1% during the second quarter. Commonwealth Equity Services LLC now owns 38,820 shares of the energy company’s stock valued at $2,511,000 after acquiring an additional 16,902 shares during the period. American National Bank & Trust boosted its stake in shares of Sabine Royalty Trust by 1.3% in 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 in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of Sabine Royalty Trust by 12.1% in the 3rd quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock worth $1,762,000 after purchasing an additional 3,070 shares during the last quarter. Institutional investors own 15.81% of the company’s stock.

Analyst Ratings Changes

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

Sabine Royalty Trust Price Performance

Shares of SBR opened at $62.00 on Monday. The company has a market capitalization of $903.96 million, a P/E ratio of 9.55 and a beta of 0.48. Sabine Royalty Trust has a one year low of $57.73 and a one year high of $70.24. The business’s 50 day simple moving average is $62.60 and its 200-day simple moving average is $62.99.

Sabine Royalty Trust Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Monday, December 16th. Sabine Royalty Trust’s dividend payout ratio is currently 57.47%.

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.