1900 Wealth Management LLC Decreases Position in Sabine Royalty Trust (NYSE:SBR)

1900 Wealth Management LLC decreased its stake in Sabine Royalty Trust (NYSE:SBR) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pathstone Family Office LLC purchased a new stake in shares of Sabine Royalty Trust in the third quarter worth about $238,000. Atria Wealth Solutions Inc. boosted its position in shares of Sabine Royalty Trust by 23.5% in the third quarter. Atria Wealth Solutions Inc. now owns 5,167 shares of the energy company’s stock worth $340,000 after buying an additional 983 shares during the period. Tyche Wealth Partners LLC purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter worth about $345,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Sabine Royalty Trust by 2.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,732 shares of the energy company’s stock worth $575,000 after buying an additional 199 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Sabine Royalty Trust by 40.9% in the third quarter. HighTower Advisors LLC now owns 9,947 shares of the energy company’s stock worth $654,000 after buying an additional 2,887 shares during the period. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Performance

Shares of SBR opened at $63.01 on Wednesday. The company has a market capitalization of $918.69 million, a P/E ratio of 10.18 and a beta of 0.51. Sabine Royalty Trust has a one year low of $55.60 and a one year high of $79.12. The stock has a 50-day moving average price of $62.95 and a 200 day moving average price of $63.30.

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

Sabine Royalty Trust Increases Dividend

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

About Sabine Royalty Trust

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.