Capital Analysts LLC Reduces Stock Holdings in Sabine Royalty Trust $SBR

Capital Analysts LLC decreased its stake in Sabine Royalty Trust (NYSE:SBR) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,595 shares of the energy company’s stock after selling 650 shares during the quarter. Capital Analysts LLC owned about 0.16% of Sabine Royalty Trust worth $1,597,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC purchased a new position in Sabine Royalty Trust during the 1st quarter valued at $474,000. HighTower Advisors LLC boosted its holdings in Sabine Royalty Trust by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 6,725 shares of the energy company’s stock valued at $454,000 after acquiring an additional 246 shares during the period. XTX Topco Ltd purchased a new position in Sabine Royalty Trust during the 1st quarter valued at $262,000. LPL Financial LLC boosted its holdings in Sabine Royalty Trust by 16.1% during the 1st quarter. LPL Financial LLC now owns 22,035 shares of the energy company’s stock valued at $1,492,000 after acquiring an additional 3,062 shares during the period. Finally, Significant Wealth Partners LLC boosted its holdings in Sabine Royalty Trust by 17.1% during the 1st quarter. Significant Wealth Partners LLC now owns 5,209 shares of the energy company’s stock valued at $351,000 after acquiring an additional 760 shares during the period. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Up 1.5%

SBR opened at $71.38 on Thursday. The business has a fifty day moving average of $67.26 and a 200 day moving average of $66.49. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $73.00. The stock has a market cap of $1.04 billion, a P/E ratio of 14.16 and a beta of 0.27.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Friday, August 8th. The energy company reported $1.22 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 866.81% and a net margin of 94.85%.The company had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a dividend of $0.7447 per share. This represents a yield of 1,275.0%. The ex-dividend date is Friday, August 15th. This is an increase from Sabine Royalty Trust’s previous dividend of $0.35. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 177.38%.

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.