Howard Financial Services LTD. Buys 41,618 Shares of Sabine Royalty Trust (NYSE:SBR)

Howard Financial Services LTD. grew its stake in Sabine Royalty Trust (NYSE:SBR) by 160.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,496 shares of the energy company’s stock after buying an additional 41,618 shares during the quarter. Howard Financial Services LTD. owned approximately 0.46% of Sabine Royalty Trust worth $4,158,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SBR. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sabine Royalty Trust in the 1st quarter worth approximately $11,173,000. Commonwealth Equity Services LLC increased its stake in shares of Sabine Royalty Trust by 5.0% in the first quarter. Commonwealth Equity Services LLC now owns 21,918 shares of the energy company’s stock worth $1,394,000 after purchasing an additional 1,049 shares in the last quarter. American National Bank & Trust raised its position 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 period. American National Bank raised its position in shares of Sabine Royalty Trust by 0.6% during the 1st quarter. American National Bank now owns 36,185 shares of the energy company’s stock valued at $2,301,000 after purchasing an additional 200 shares during the period. Finally, Burford Brothers Inc. purchased a new position in shares of Sabine Royalty Trust during the 4th quarter valued at $677,000. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Trading Up 0.5 %

Shares of SBR opened at $62.43 on Wednesday. Sabine Royalty Trust has a 12-month low of $55.60 and a 12-month high of $72.50. The company has a market capitalization of $910.17 million, a PE ratio of 10.78 and a beta of 0.46. The business’s 50 day moving average is $62.00 and its 200 day moving average is $63.55.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%. The firm had revenue of $22.78 million for the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.4358 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date is Tuesday, October 15th. This represents a $5.23 dividend on an annualized basis and a dividend yield of 8.38%. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 90.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 12th.

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.