American National Bank & Trust Grows Stake in Sabine Royalty Trust (NYSE:SBR)

American National Bank & Trust increased its holdings in Sabine Royalty Trust (NYSE:SBR) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,668 shares of the energy company’s stock after purchasing an additional 483 shares during the period. American National Bank & Trust’s holdings in Sabine Royalty Trust were worth $2,265,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SBR. Burford Brothers Inc. purchased a new position in shares of Sabine Royalty Trust in the fourth quarter worth $677,000. Creekmur Asset Management LLC purchased a new stake in Sabine Royalty Trust in the 4th quarter worth $147,000. American National Bank boosted its holdings in shares of Sabine Royalty Trust by 0.6% during the 1st quarter. American National Bank now owns 36,185 shares of the energy company’s stock valued at $2,301,000 after purchasing an additional 200 shares during the last quarter. Howard Financial Services LTD. grew its position in shares of Sabine Royalty Trust by 0.7% during the first quarter. Howard Financial Services LTD. now owns 25,745 shares of the energy company’s stock valued at $1,627,000 after purchasing an additional 182 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Sabine Royalty Trust by 5.0% in the first quarter. Commonwealth Equity Services LLC now owns 21,918 shares of the energy company’s stock worth $1,394,000 after purchasing an additional 1,049 shares during the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

Sabine Royalty Trust Trading Up 0.5 %

NYSE SBR opened at $62.70 on Thursday. The stock has a 50 day moving average price of $62.10 and a 200-day moving average price of $63.54. Sabine Royalty Trust has a one year low of $55.60 and a one year high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $1.51 EPS for the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%. The business had revenue of $22.78 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.4213 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.06 annualized dividend and a yield of 8.06%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 87.85%.

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.