Prospera Financial Services Inc Has $2.07 Million Holdings in Sabine Royalty Trust $SBR

Prospera Financial Services Inc lifted its stake in shares of Sabine Royalty Trust (NYSE:SBR) by 4.9% during the second quarter, Holdings Channel.com reports. The firm owned 31,059 shares of the energy company’s stock after buying an additional 1,462 shares during the period. Prospera Financial Services Inc’s holdings in Sabine Royalty Trust were worth $2,071,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Quaker Wealth Management LLC lifted its holdings in Sabine Royalty Trust by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,000 shares of the energy company’s stock worth $66,000 after buying an additional 2,000 shares in the last quarter. Carnegie Investment Counsel boosted its holdings in Sabine Royalty Trust by 2.8% in the second quarter. Carnegie Investment Counsel now owns 7,507 shares of the energy company’s stock valued at $501,000 after acquiring an additional 207 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Sabine Royalty Trust in the second quarter worth about $205,000. PFG Investments LLC acquired a new stake in Sabine Royalty Trust in the second quarter worth about $260,000. Finally, Capital Investment Advisors LLC lifted its position in Sabine Royalty Trust by 1.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company’s stock valued at $841,000 after purchasing an additional 193 shares during the period. 15.81% of the stock is owned by institutional investors.

Sabine Royalty Trust Trading Down 0.2%

NYSE:SBR opened at $76.86 on Wednesday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.25 and a beta of 0.25. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $84.39. The business’s 50-day moving average price is $74.11 and its two-hundred day moving average price is $69.72.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings results on Friday, November 7th. The energy company reported $1.70 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 $25.52 million during the quarter.

Sabine Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.3567 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, November 17th. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 78.82%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sabine Royalty Trust currently has an average rating of “Hold”.

Sabine Royalty Trust 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.