SCS Capital Management LLC Invests $2.11 Million in Sabine Royalty Trust $SBR

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

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Sabine Royalty Trust by 6,666.7% in the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Sabine Royalty Trust in the first quarter valued at approximately $207,000. XTX Topco Ltd purchased a new stake in shares of Sabine Royalty Trust in the first quarter valued at approximately $262,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Sabine Royalty Trust by 5.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock valued at $268,000 after purchasing an additional 200 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Sabine Royalty Trust by 34.8% in the fourth quarter. Lazard Asset Management LLC now owns 5,338 shares of the energy company's stock worth $345,000 after buying an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Stock Performance

NYSE:SBR traded up $0.53 during trading hours on Monday, reaching $76.67. The company's stock had a trading volume of 38,759 shares, compared to its average volume of 36,836. The company has a market capitalization of $1.12 billion, a P/E ratio of 15.21 and a beta of 0.28. Sabine Royalty Trust has a 12 month low of $58.25 and a 12 month high of $77.49. The stock has a 50 day moving average price of $69.98 and a two-hundred day moving average price of $67.22.

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

Sabine Royalty Trust Cuts Dividend

The firm also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.5841 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a dividend yield of 910.0%. Sabine Royalty Trust's dividend payout ratio is presently 177.38%.

Sabine Royalty Trust Company Profile

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.