Motco Holds Position in Sabine Royalty Trust (SBR)
Motco continued to hold its stake in Sabine Royalty Trust (NYSE:SBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,600 shares of the energy company’s stock at the end of the second quarter. Motco owned 0.08% of Sabine Royalty Trust worth $450,000 as of its most recent SEC filing.
Separately, Greylin Investment Mangement Inc. acquired a new stake in Sabine Royalty Trust during the second quarter worth about $1,120,000. 8.81% of the stock is owned by institutional investors.
Shares of Sabine Royalty Trust (NYSE:SBR) opened at 39.40 on Wednesday. Sabine Royalty Trust has a one year low of $33.46 and a one year high of $40.55. The firm has a market cap of $574.41 million, a price-to-earnings ratio of 17.33 and a beta of 0.25. The stock’s 50 day moving average price is $39.10 and its 200 day moving average price is $37.71.
Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.54 EPS for the quarter. The company had revenue of $8.58 million for the quarter. Sabine Royalty Trust had a net margin of 93.10% and a return on equity of 695.91%.
The business also recently declared a monthly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were issued a $0.2167 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was 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 114.54%.
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SBR has been the topic of a number of research analyst reports. TheStreet raised Sabine Royalty Trust from a “c” rating to a “b-” rating in a report on Monday, May 22nd. BidaskClub lowered Sabine Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.
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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