5,000 Shares in Sabine Royalty Trust (NYSE:SBR) Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Sabine Royalty Trust (NYSE:SBR) in the 2nd quarter, Holdings Channel reports. The firm purchased 5,000 shares of the energy company’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBR. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sabine Royalty Trust in the 1st quarter valued at $11,173,000. Commonwealth Equity Services LLC boosted its position in shares of Sabine Royalty Trust by 77.1% in the second quarter. Commonwealth Equity Services LLC now owns 38,820 shares of the energy company’s stock worth $2,511,000 after acquiring an additional 16,902 shares during the last quarter. American National Bank boosted its position in shares of Sabine Royalty Trust by 0.6% in the first quarter. American National Bank now owns 36,185 shares of the energy company’s stock worth $2,301,000 after acquiring an additional 200 shares during the last quarter. Raymond James & Associates grew its holdings in Sabine Royalty Trust by 2.3% in the second quarter. Raymond James & Associates now owns 26,427 shares of the energy company’s stock valued at $1,710,000 after purchasing an additional 588 shares during the period. Finally, Howard Financial Services LTD. increased its position in 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 worth $1,627,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sabine Royalty Trust Stock Performance

Shares of NYSE:SBR opened at $62.70 on Thursday. The business has a 50-day moving average of $62.12 and a two-hundred day moving average of $63.54. Sabine Royalty Trust has a 12 month low of $55.60 and a 12 month high of $72.50.

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

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 issued a $0.4213 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.06 annualized dividend and a yield of 8.06%. The ex-dividend date was Monday, September 16th. Sabine Royalty Trust’s dividend payout ratio 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.