31,115 Shares in Sabine Royalty Trust $SBR Bought by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC acquired 31,115 shares of Sabine Royalty Trust, valued at approximately $2,106,000, increasing its stake to 0.21%.
• Sabine Royalty Trust recently announced a dividend cut, declaring a $0.5841 dividend, which will have a yield of 942.0%.
• The company's recent earnings report showed an EPS of $1.22, alongside a substantial return on equity of 866.81% and a net margin of 94.85%.

SCS Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,115 shares of the energy company's stock, valued at approximately $2,106,000. SCS Capital Management LLC owned about 0.21% of Sabine Royalty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Sabine Royalty Trust by 5.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock valued at $268,000 after acquiring an additional 200 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Sabine Royalty Trust by 0.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 28,424 shares of the energy company's stock valued at $1,918,000 after buying an additional 213 shares during the last quarter. Cetera Investment Advisers grew its holdings in Sabine Royalty Trust by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 5,922 shares of the energy company's stock valued at $384,000 after buying an additional 231 shares during the last quarter. HighTower Advisors LLC grew its holdings in Sabine Royalty Trust by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 6,725 shares of the energy company's stock valued at $454,000 after buying an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Sabine Royalty Trust by 6,666.7% in the 1st quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock valued at $27,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 15.81% of the company's stock.

Sabine Royalty Trust Trading Up 0.4%

SBR traded up $0.31 during midday trading on Friday, reaching $76.86. The company's stock had a trading volume of 34,723 shares, compared to its average volume of 45,431. The stock has a market cap of $1.12 billion, a P/E ratio of 15.25 and a beta of 0.28. The company has a fifty day simple moving average of $69.98 and a 200 day simple moving average of $67.20. Sabine Royalty Trust has a twelve month low of $58.25 and a twelve month high of $77.49.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its earnings results on Friday, August 8th. The energy company reported $1.22 earnings per share (EPS) for the quarter. The firm had revenue of $18.70 million for the quarter. Sabine Royalty Trust had a return on equity of 866.81% and a net margin of 94.85%.

Sabine Royalty Trust Cuts Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.5841 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a yield of 942.0%. Sabine Royalty Trust's dividend payout ratio (DPR) is 177.38%.

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.