279,333 Shares in Sabine Royalty Trust (NYSE:SBR) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sabine Royalty Trust (NYSE:SBRGet Rating) during the first quarter, HoldingsChannel reports. The firm bought 279,333 shares of the energy company’s stock, valued at approximately $16,131,000.

A number of other institutional investors have also added to or reduced their stakes in SBR. Archer Investment Corp acquired a new stake in Sabine Royalty Trust during the first quarter valued at approximately $37,000. Citizens National Bank Trust Department bought a new position in shares of Sabine Royalty Trust in the fourth quarter valued at approximately $42,000. Dorsey Wright & Associates bought a new position in shares of Sabine Royalty Trust in the first quarter valued at approximately $43,000. Ackerman Capital Advisors LLC bought a new position in shares of Sabine Royalty Trust in the first quarter valued at approximately $202,000. Finally, Brown Advisory Inc. bought a new position in Sabine Royalty Trust in the 1st quarter worth approximately $205,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a report on Monday, September 12th.

Sabine Royalty Trust Trading Down 4.4 %

Shares of NYSE SBR opened at $75.93 on Monday. The company has a fifty day moving average price of $71.78 and a 200 day moving average price of $67.21. Sabine Royalty Trust has a 1-year low of $38.83 and a 1-year high of $90.73. The firm has a market cap of $1.11 billion, a PE ratio of 27.12 and a beta of 0.53.

Sabine Royalty Trust (NYSE:SBRGet Rating) last issued its earnings results on Thursday, August 11th. The energy company reported $1.87 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.53% and a return on equity of 774.40%. The company had revenue of $28.04 million for the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.836 per share. This represents a $10.03 dividend on an annualized basis and a dividend yield of 13.21%. The ex-dividend date of this dividend is Wednesday, September 14th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.83.

About Sabine Royalty Trust

(Get Rating)

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. The company's 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.

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Institutional Ownership by Quarter for Sabine Royalty Trust (NYSE:SBR)

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