Sabine Royalty Trust (NYSE:SBR) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC lowered its stake in Sabine Royalty Trust (NYSE:SBR) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,765 shares of the energy company’s stock after selling 1,255 shares during the period. 1900 Wealth Management LLC’s holdings in Sabine Royalty Trust were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. raised its position in Sabine Royalty Trust by 2.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,732 shares of the energy company’s stock valued at $575,000 after purchasing an additional 199 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Sabine Royalty Trust by 2.8% during the 3rd quarter. Moors & Cabot Inc. now owns 10,967 shares of the energy company’s stock worth $723,000 after acquiring an additional 295 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Sabine Royalty Trust by 3.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,943 shares of the energy company’s stock worth $1,248,000 after acquiring an additional 589 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Sabine Royalty Trust by 23.5% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 5,167 shares of the energy company’s stock worth $340,000 after acquiring an additional 983 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Sabine Royalty Trust by 8.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 23,780 shares of the energy company’s stock worth $1,564,000 after acquiring an additional 1,819 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Performance

Shares of NYSE SBR opened at $63.01 on Wednesday. Sabine Royalty Trust has a fifty-two week low of $55.60 and a fifty-two week high of $79.12. The firm has a market capitalization of $918.69 million, a PE ratio of 10.18 and a beta of 0.51. The stock’s 50-day simple moving average is $62.95 and its 200-day simple moving average is $63.30.

Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Thursday, February 29th. The energy company reported $2.30 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%. The business had revenue of $34.35 million for the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a dividend of $0.5355 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.43 annualized dividend and a yield of 10.20%. Sabine Royalty Trust’s payout ratio is 103.88%.

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.