Concurrent Investment Advisors LLC Raises Stock Holdings in Sabine Royalty Trust (NYSE:SBR)

Concurrent Investment Advisors LLC boosted its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,211 shares of the energy company’s stock after purchasing an additional 597 shares during the quarter. Concurrent Investment Advisors LLC owned approximately 0.19% of Sabine Royalty Trust worth $1,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SBR. Sendero Wealth Management LLC acquired a new position in shares of Sabine Royalty Trust during the fourth quarter valued at approximately $838,000. Howard Financial Services LTD. raised its holdings in shares of Sabine Royalty Trust by 14.6% during the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock valued at $5,012,000 after acquiring an additional 9,840 shares during the last quarter. Philip James Wealth Mangement LLC acquired a new position in shares of Sabine Royalty Trust during the third quarter valued at approximately $327,000. Geneos Wealth Management Inc. raised its holdings in shares of Sabine Royalty Trust by 1,683.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock valued at $306,000 after acquiring an additional 4,462 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Sabine Royalty Trust by 733.3% in the third quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company’s stock valued at $309,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, February 10th.

Sabine Royalty Trust Stock Performance

NYSE:SBR opened at $68.97 on Friday. Sabine Royalty Trust has a one year low of $58.60 and a one year high of $70.20. The stock has a market cap of $1.01 billion, a PE ratio of 10.63 and a beta of 0.48. The stock has a 50 day moving average price of $66.05 and a 200 day moving average price of $63.63.

Sabine Royalty Trust Increases Dividend

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

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.