California Public Employees Retirement System Maintains Holdings in Sabine Royalty Trust (SBR)
California Public Employees Retirement System maintained its stake in Sabine Royalty Trust (NYSE:SBR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,700 shares of the energy company’s stock at the close of the second quarter. California Public Employees Retirement System owned about 0.20% of Sabine Royalty Trust worth $1,151,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Mraz Amerine & Associates Inc. grew its stake in shares of Sabine Royalty Trust by 5.8% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 36,264 shares of the energy company’s stock valued at $1,405,000 after acquiring an additional 2,004 shares during the period. Greylin Investment Mangement Inc. bought a new position in shares of Sabine Royalty Trust during the 2nd quarter valued at approximately $1,120,000. Exencial Wealth Advisors LLC lifted its holdings in Sabine Royalty Trust by 1.6% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 15,363 shares of the energy company’s stock worth $595,000 after purchasing an additional 235 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Sabine Royalty Trust in the 2nd quarter worth approximately $205,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Sabine Royalty Trust by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,556 shares of the energy company’s stock worth $177,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 8.36% of the company’s stock.
Sabine Royalty Trust (SBR) opened at $42.65 on Friday. Sabine Royalty Trust has a twelve month low of $33.45 and a twelve month high of $43.75. The company has a market capitalization of $615.98, a P/E ratio of 18.61 and a beta of 0.22.
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. Sabine Royalty Trust had a return on equity of 743.76% and a net margin of 92.94%. The company had revenue of $8.58 million for the quarter.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $1.88 dividend on an annualized basis and a yield of 4.42%. Sabine Royalty Trust’s payout ratio is currently 79.74%.
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Sabine Royalty Trust 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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