Prospera Financial Services Inc Buys 100,691 Shares of Sabine Royalty Trust $SBR

Prospera Financial Services Inc boosted its stake in shares of Sabine Royalty Trust (NYSE:SBR) by 173.9% in the fourth quarter, Holdings Channel reports. The firm owned 158,609 shares of the energy company’s stock after acquiring an additional 100,691 shares during the period. Prospera Financial Services Inc’s holdings in Sabine Royalty Trust were worth $10,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Olistico Wealth LLC acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter worth $29,000. WealthCollab LLC grew its stake in shares of Sabine Royalty Trust by 124.1% in the fourth quarter. WealthCollab LLC now owns 437 shares of the energy company’s stock worth $30,000 after acquiring an additional 242 shares during the last quarter. Allworth Financial LP grew its stake in shares of Sabine Royalty Trust by 51.8% in the third quarter. Allworth Financial LP now owns 586 shares of the energy company’s stock worth $47,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Sabine Royalty Trust by 85.6% in the third quarter. Fifth Third Bancorp now owns 659 shares of the energy company’s stock worth $52,000 after acquiring an additional 304 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Sabine Royalty Trust by 79.2% in the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock worth $47,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Trading Down 0.1%

Shares of Sabine Royalty Trust stock opened at $76.93 on Monday. The company’s fifty day simple moving average is $75.44 and its 200-day simple moving average is $73.09. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 16.40 and a beta of 0.23. Sabine Royalty Trust has a 1 year low of $64.57 and a 1 year high of $84.39.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.4979 dividend. The ex-dividend date is Friday, May 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 7.8%. Sabine Royalty Trust’s dividend payout ratio is 127.29%.

Sabine Royalty Trust Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.