Mraz Amerine & Associates Inc. increased its position in Sabine Royalty Trust (NYSE:SBR) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,264 shares of the energy company’s stock after buying an additional 2,004 shares during the period. Mraz Amerine & Associates Inc. owned about 0.25% of Sabine Royalty Trust worth $1,405,000 at the end of the most recent quarter.
Separately, Greylin Investment Mangement Inc. acquired a new position in shares of Sabine Royalty Trust during the second quarter valued at about $1,120,000. Hedge funds and other institutional investors own 8.50% of the company’s stock.
Sabine Royalty Trust (NYSE:SBR) opened at 38.875 on Friday. The stock has a market capitalization of $566.76 million, a P/E ratio of 17.095 and a beta of 0.25. The stock has a 50 day moving average of $39.11 and a 200 day moving average of $37.71. Sabine Royalty Trust has a 52-week low of $33.46 and a 52-week high of $40.55.
Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Wednesday, August 9th. The energy company reported $0.54 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 695.91% and a net margin of 93.10%. The firm had revenue of $8.58 million for the quarter.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be given a $0.2167 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s payout ratio is currently 114.54%.
Several equities analysts have recently issued reports on SBR shares. BidaskClub cut shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. TheStreet raised shares of Sabine Royalty Trust from a “c” rating to a “b-” rating in a research note on Monday, May 22nd.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any 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.
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