Sabine Royalty Trust $SBR Shares Bought by Americana Partners LLC

Americana Partners LLC lifted its holdings in shares of Sabine Royalty Trust (NYSE:SBR) by 611.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,404 shares of the energy company’s stock after buying an additional 227,249 shares during the period. Americana Partners LLC’s holdings in Sabine Royalty Trust were worth $21,007,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in Sabine Royalty Trust during the 1st quarter valued at approximately $772,000. Capital Investment Advisors LLC increased its holdings in shares of Sabine Royalty Trust by 1.5% in the second 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. PFG Investments LLC purchased a new stake in shares of Sabine Royalty Trust during the second quarter worth approximately $260,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Sabine Royalty Trust during the second quarter worth $205,000. Finally, Carnegie Investment Counsel grew its position in Sabine Royalty Trust by 2.8% in the 2nd quarter. Carnegie Investment Counsel now owns 7,507 shares of the energy company’s stock valued at $501,000 after buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Trading Down 0.7%

Shares of Sabine Royalty Trust stock opened at $67.59 on Tuesday. The company has a 50-day moving average of $72.12 and a two-hundred day moving average of $71.78. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $84.39. The stock has a market cap of $985.40 million, a PE ratio of 12.45 and a beta of 0.28.

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. The business had revenue of $25.52 million for the quarter. Sabine Royalty Trust had a return on equity of 961.65% and a net margin of 95.30%.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be given a $0.3216 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Thursday, January 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is 71.09%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sabine Royalty Trust currently has an average rating of “Hold”.

Sabine Royalty Trust Company 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.