Acrospire Investment Management LLC increased its stake in Sabine Royalty Trust (NYSE:SBR) by 4,811.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,898 shares of the energy company’s stock after purchasing an additional 2,839 shares during the period. Acrospire Investment Management LLC’s holdings in Sabine Royalty Trust were worth $112,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mraz Amerine & Associates Inc. increased its position in shares of Sabine Royalty Trust by 5.8% in the second quarter. Mraz Amerine & Associates Inc. now owns 36,264 shares of the energy company’s stock worth $1,405,000 after purchasing an additional 2,004 shares during the period. Greylin Investment Mangement Inc. bought a new position in shares of Sabine Royalty Trust in the second quarter worth $1,120,000. Exencial Wealth Advisors LLC increased its position in shares of Sabine Royalty Trust by 1.6% in the second quarter. Exencial Wealth Advisors LLC now owns 15,363 shares of the energy company’s stock worth $595,000 after purchasing an additional 235 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Sabine Royalty Trust by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,556 shares of the energy company’s stock worth $177,000 after purchasing an additional 88 shares during the period. Institutional investors own 8.81% of the company’s stock.
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Sabine Royalty Trust (NYSE SBR) opened at 39.00 on Thursday. The company has a market cap of $568.58 million, a PE ratio of 17.15 and a beta of 0.25. Sabine Royalty Trust has a 12 month low of $33.46 and a 12 month high of $41.50. The company has a 50 day moving average price of $39.42 and a 200-day moving average price of $37.85.
Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $8.58 million for the quarter. Sabine Royalty Trust had a return on equity of 695.91% and a net margin of 93.10%.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be issued a dividend of $0.217 per share. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date is Friday, September 15th. This represents a $2.60 dividend on an annualized basis and a yield of 6.68%. Sabine Royalty Trust’s dividend payout ratio is 114.54%.
Separately, BidaskClub cut Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.
About Sabine Royalty Trust
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any 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.
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