Sabine Royalty Trust $SBR Shares Sold by Significant Wealth Partners LLC

Significant Wealth Partners LLC lessened its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,739 shares of the energy company’s stock after selling 470 shares during the period. Significant Wealth Partners LLC’s holdings in Sabine Royalty Trust were worth $315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Sabine Royalty Trust by 6,666.7% during the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company’s stock worth $27,000 after acquiring an additional 400 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in Sabine Royalty Trust during the first quarter worth $207,000. XTX Topco Ltd acquired a new position in Sabine Royalty Trust during the first quarter worth $262,000. Wealth Enhancement Advisory Services LLC grew its holdings in Sabine Royalty Trust by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company’s stock worth $268,000 after acquiring an additional 200 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Sabine Royalty Trust by 4.1% during the fourth quarter. Cetera Investment Advisers now owns 5,922 shares of the energy company’s stock worth $384,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Price Performance

Shares of SBR stock opened at $80.78 on Thursday. The business’s fifty day moving average price is $71.86 and its 200 day moving average price is $67.88. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $81.00. The firm has a market capitalization of $1.18 billion, a PE ratio of 16.03 and a beta of 0.28.

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

Sabine Royalty Trust Cuts Dividend

The company also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.5841 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a yield of 913.0%. Sabine Royalty Trust’s dividend payout ratio is 139.09%.

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.