Tyche Wealth Partners LLC Buys Shares of 5,083 Sabine Royalty Trust (NYSE:SBR)

Tyche Wealth Partners LLC bought a new stake in Sabine Royalty Trust (NYSE:SBR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,083 shares of the energy company’s stock, valued at approximately $345,000.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC grew its holdings in shares of Sabine Royalty Trust by 2.3% during the 4th quarter. Cetera Advisors LLC now owns 5,834 shares of the energy company’s stock valued at $499,000 after purchasing an additional 131 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Sabine Royalty Trust by 2.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,732 shares of the energy company’s stock valued at $575,000 after purchasing an additional 199 shares during the last quarter. State Street Corp grew its holdings in shares of Sabine Royalty Trust by 2.7% during the 3rd quarter. State Street Corp now owns 9,601 shares of the energy company’s stock valued at $682,000 after purchasing an additional 250 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Sabine Royalty Trust by 2.8% during the 3rd quarter. Moors & Cabot Inc. now owns 10,967 shares of the energy company’s stock valued at $723,000 after purchasing an additional 295 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Sabine Royalty Trust by 3.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,675 shares of the energy company’s stock valued at $636,000 after purchasing an additional 297 shares during the last quarter. 15.81% of the stock is owned by institutional investors.

Sabine Royalty Trust Trading Up 0.1 %

Shares of Sabine Royalty Trust stock opened at $64.17 on Thursday. The firm has a market capitalization of $935.60 million, a PE ratio of 10.37 and a beta of 0.51. The firm’s 50 day moving average is $62.92 and its 200 day moving average is $63.31. Sabine Royalty Trust has a 1 year low of $55.60 and a 1 year high of $79.12.

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

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 29th. Shareholders 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 yield of 10.01%. This is a positive change 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 payout ratio is presently 103.88%.

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.