Mraz Amerine & Associates Inc. Sells 300 Shares of Sabine Royalty Trust (NYSE:SBR)

Mraz Amerine & Associates Inc. lessened its position in Sabine Royalty Trust (NYSE:SBR) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,658 shares of the energy company’s stock after selling 300 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Sabine Royalty Trust were worth $1,581,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BWM Planning LLC bought a new position in shares of Sabine Royalty Trust during the 3rd quarter valued at about $1,331,000. Howard Financial Services LTD. raised its holdings in shares of Sabine Royalty Trust by 160.8% during the third quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock worth $4,158,000 after acquiring an additional 41,618 shares during the period. American National Bank & Trust raised its stake in shares of Sabine Royalty Trust by 1.3% in the 3rd quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock valued at $2,265,000 after purchasing an additional 483 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Sabine Royalty Trust in the second quarter valued at about $323,000. Finally, Moors & Cabot Inc. grew its holdings in shares of Sabine Royalty Trust by 0.8% during the second quarter. Moors & Cabot Inc. now owns 23,998 shares of the energy company’s stock worth $1,552,000 after buying an additional 201 shares in the last quarter. Institutional investors own 15.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sabine Royalty Trust Price Performance

Shares of NYSE:SBR opened at $60.98 on Friday. The company’s 50-day moving average price is $61.97 and its two-hundred day moving average price is $63.31. 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 posted its quarterly earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%. The firm had revenue of $22.78 million for the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.4358 per share. This represents a $5.23 dividend on an annualized basis and a yield of 8.58%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, October 15th. Sabine Royalty Trust’s payout ratio is presently 85.46%.

About Sabine Royalty Trust

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.