State Street Corp Purchases 239 Shares of Sabine Royalty Trust (NYSE:SBR)

State Street Corp lifted its position in Sabine Royalty Trust (NYSE:SBR) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,505 shares of the energy company’s stock after acquiring an additional 239 shares during the period. State Street Corp’s holdings in Sabine Royalty Trust were worth $402,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Moors & Cabot Inc. grew its stake in Sabine Royalty Trust by 0.8% in the second quarter. Moors & Cabot Inc. now owns 23,998 shares of the energy company’s stock worth $1,552,000 after purchasing an additional 201 shares during the period. 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 buying an additional 483 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its position 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 during the period. Prospera Financial Services Inc increased its stake 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 acquiring an additional 3,070 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Sabine Royalty Trust during the 3rd quarter valued at about $230,000. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Up 1.0 %

SBR stock opened at $65.81 on Friday. The business has a 50 day moving average of $63.29 and a 200 day moving average of $62.93. The firm has a market cap of $959.51 million, a PE ratio of 10.14 and a beta of 0.48. Sabine Royalty Trust has a twelve month low of $57.73 and a twelve month high of $69.78.

Sabine Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were issued a dividend of $0.3112 per share. The ex-dividend date was Monday, December 16th. This represents a $3.73 annualized dividend and a dividend yield of 5.67%. Sabine Royalty Trust’s payout ratio is presently 57.47%.

Analysts Set New Price Targets

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

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.