Horizon Kinetics Asset Management LLC Buys 9,553 Shares of Sabine Royalty Trust (NYSE:SBR)

Horizon Kinetics Asset Management LLC increased its stake in shares of Sabine Royalty Trust (NYSE:SBR) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,921 shares of the energy company’s stock after buying an additional 9,553 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Sabine Royalty Trust were worth $7,124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Campbell Capital Management Inc. bought a new position in Sabine Royalty Trust in the 4th quarter valued at $52,000. Commonwealth Equity Services LLC grew its stake in Sabine Royalty Trust by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,038 shares of the energy company’s stock valued at $1,558,000 after purchasing an additional 511 shares during the period. Moors & Cabot Inc. grew its stake in Sabine Royalty Trust by 9.7% in the 4th quarter. Moors & Cabot Inc. now owns 28,160 shares of the energy company’s stock valued at $1,825,000 after purchasing an additional 2,501 shares during the period. Clare Market Investments LLC bought a new position in Sabine Royalty Trust in the 4th quarter valued at $1,510,000. Finally, PNC Financial Services Group Inc. grew its stake in Sabine Royalty Trust by 153.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company’s stock valued at $215,000 after purchasing an additional 2,010 shares during the period. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Performance

SBR stock opened at $65.28 on Monday. The company has a market capitalization of $951.72 million, a price-to-earnings ratio of 10.06 and a beta of 0.44. Sabine Royalty Trust has a fifty-two week low of $58.60 and a fifty-two week high of $70.20. The stock has a fifty day moving average of $66.60 and a 200-day moving average of $63.95.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The company had revenue of $19.55 million during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.3012 per share. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.61 annualized dividend and a dividend yield of 5.54%. Sabine Royalty Trust’s dividend payout ratio is presently 66.12%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

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.