LPL Financial LLC Increases Holdings in Sabine Royalty Trust (NYSE:SBR)

LPL Financial LLC increased its stake in shares of Sabine Royalty Trust (NYSE:SBR – Get Rating) by 8.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,874 shares of the energy company’s stock after purchasing an additional 1,342 shares during the period. LPL Financial LLC owned 0.12% of Sabine Royalty Trust worth $1,527,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SBR. Royal Bank of Canada grew its stake in Sabine Royalty Trust by 6,062.5% during the third quarter. Royal Bank of Canada now owns 493 shares of the energy company’s stock valued at $35,000 after acquiring an additional 485 shares in the last quarter. MADDEN SECURITIES Corp purchased a new position in shares of Sabine Royalty Trust during the 4th quarter valued at $43,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Sabine Royalty Trust in the fourth quarter worth $48,000. US Bancorp DE raised its position in shares of Sabine Royalty Trust by 25.0% in the third quarter. US Bancorp DE now owns 1,000 shares of the energy company’s stock worth $71,000 after buying an additional 200 shares in the last quarter. Finally, Disciplined Investments LLC boosted its stake in Sabine Royalty Trust by 21.1% during the fourth quarter. Disciplined Investments LLC now owns 1,146 shares of the energy company’s stock valued at $98,000 after buying an additional 200 shares during the period. Institutional investors own 12.42% of the company’s stock.

Sabine Royalty Trust Stock Performance

Sabine Royalty Trust stock opened at $69.99 on Friday. Sabine Royalty Trust has a fifty-two week low of $54.29 and a fifty-two week high of $91.10. The stock has a market cap of $1.02 billion, a P/E ratio of 8.10 and a beta of 0.55. The firm’s fifty day moving average price is $72.98 and its 200-day moving average price is $78.54.

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

Sabine Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Monday, May 15th will be issued a $0.499 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $5.99 dividend on an annualized basis and a dividend yield of 8.56%. Sabine Royalty Trust’s payout ratio is 69.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Sabine Royalty Trust in a report on Thursday, May 18th. They set 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.