Royce & Associates LP Continues to Hold Holdings in Sabine Royalty Trust (SBR)
Royce & Associates LP maintained its position in Sabine Royalty Trust (NYSE:SBR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,548 shares of the energy company’s stock at the end of the second quarter. Royce & Associates LP owned 0.48% of Sabine Royalty Trust worth $2,695,000 at the end of the most recent reporting period.
Separately, Greylin Investment Mangement Inc. acquired a new position in Sabine Royalty Trust during the 2nd quarter worth approximately $1,120,000. 8.81% of the stock is owned by institutional investors and hedge funds.
Shares of Sabine Royalty Trust (NYSE SBR) opened at 39.50 on Tuesday. The company has a market capitalization of $575.87 million, a price-to-earnings ratio of 17.37 and a beta of 0.25. Sabine Royalty Trust has a 12-month low of $33.46 and a 12-month high of $41.50. The firm’s 50-day moving average is $39.55 and its 200-day moving average is $37.73.
Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Wednesday, August 9th. The energy company reported $0.54 earnings per share for the quarter. The business 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 announced a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be paid a $0.217 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $2.60 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Friday, September 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 114.54%.
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A number of equities analysts recently issued reports on SBR shares. TheStreet upgraded shares of Sabine Royalty Trust from a “c” rating to a “b-” rating in a research report on Monday, May 22nd. BidaskClub cut shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.
About Sabine Royalty Trust
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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