BankPlus Trust Department Invests $91,000 in Sabine Royalty Trust (NYSE:SBR)

BankPlus Trust Department acquired a new position in shares of Sabine Royalty Trust (NYSE:SBR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,400 shares of the energy company’s stock, valued at approximately $91,000.

Several other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in Sabine Royalty Trust by 1,683.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock worth $306,000 after acquiring an additional 4,462 shares in the last quarter. State Street Corp raised its stake in Sabine Royalty Trust by 3.8% during the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after acquiring an additional 239 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after acquiring an additional 456 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Sabine Royalty Trust during the 3rd quarter worth $230,000. Finally, Blue Trust Inc. raised its stake in Sabine Royalty Trust by 15.4% during the 4th quarter. Blue Trust Inc. now owns 28,842 shares of the energy company’s stock worth $1,869,000 after acquiring an additional 3,850 shares in the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

Sabine Royalty Trust Price Performance

Shares of NYSE:SBR opened at $68.97 on Tuesday. The company’s fifty day moving average price is $66.17 and its 200 day moving average price is $63.71. Sabine Royalty Trust has a 12 month low of $58.60 and a 12 month high of $70.20. The firm has a market capitalization of $1.01 billion, a P/E ratio of 10.63 and a beta of 0.48.

Sabine Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.4395 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.27 dividend on an annualized basis and a yield of 7.65%. Sabine Royalty Trust’s payout ratio is currently 81.20%.

Analysts Set New Price Targets

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

Sabine Royalty Trust 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.