Cambridge Investment Research Advisors Inc. Invests $628,000 in Sabine Royalty Trust (NYSE:SBR)

Cambridge Investment Research Advisors Inc. acquired a new stake in Sabine Royalty Trust (NYSE:SBR – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,349 shares of the energy company’s stock, valued at approximately $628,000. Cambridge Investment Research Advisors Inc. owned 0.05% of Sabine Royalty Trust at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SBR. Citadel Advisors LLC grew its holdings in Sabine Royalty Trust by 129.3% during the second quarter. Citadel Advisors LLC now owns 40,743 shares of the energy company’s stock valued at $2,480,000 after purchasing an additional 22,977 shares during the period. BNP Paribas Arbitrage SA bought a new stake in shares of Sabine Royalty Trust in the first quarter valued at approximately $1,027,000. Verdence Capital Advisors LLC purchased a new stake in shares of Sabine Royalty Trust during the 3rd quarter valued at approximately $859,000. Bank of America Corp DE boosted its holdings in Sabine Royalty Trust by 40.3% in the 1st quarter. Bank of America Corp DE now owns 40,900 shares of the energy company’s stock worth $2,362,000 after buying an additional 11,744 shares during the period. Finally, Navellier & Associates Inc. purchased a new position in Sabine Royalty Trust in the 3rd quarter valued at approximately $725,000. 12.42% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Stock Down 1.7 %

Shares of SBR opened at $72.42 on Wednesday. Sabine Royalty Trust has a twelve month low of $54.29 and a twelve month high of $91.10. The stock has a market cap of $1.06 billion, a PE ratio of 8.38 and a beta of 0.54. The business’s 50-day moving average price is $72.88 and its 200-day moving average price is $78.59.

Sabine Royalty Trust (NYSE:SBR – Get Rating) last posted its earnings results on Tuesday, February 28th. The energy company reported $2.29 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 97.32% and a return on equity of 986.95%. The business had revenue of $33.95 million for the quarter.

Sabine Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 30th. Investors of record on Monday, May 15th will be given a $0.499 dividend. The ex-dividend date is Friday, May 12th. This represents a $5.99 dividend on an annualized basis and a dividend yield of 8.27%. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 69.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Sabine Royalty Trust in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

Sabine Royalty Trust Company Profile

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Sabine Royalty Trust is an express trust, which engages in the provision of Sabine Corporation’s royalty and mineral interests. It includes landowner’s royalties, overriding royalty interests, minerals, production payments, and any other similar, non-participatory interest, in certain producing, and proved undeveloped oil and gas properties.