Fayez Sarofim & Co Decreases Position in Sabine Royalty Trust (NYSE:SBR)

Key Points

• Fayez Sarofim & Co decreased its holdings in Sabine Royalty Trust by 11.7% in Q1, now owning approximately $15.27 million worth of shares.
• Sabine Royalty Trust reported an EPS of $1.24 for the recent quarter, with an impressive return on equity of 904.22% and a net margin of 95.36%.
• The company announced a dividend increase to $0.3459 per share, resulting in an exceptional yield of 633.0%.

Fayez Sarofim & Co decreased its holdings in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,636 shares of the energy company's stock after selling 30,000 shares during the period. Fayez Sarofim & Co owned 1.55% of Sabine Royalty Trust worth $15,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBR. GAMMA Investing LLC raised its position in shares of Sabine Royalty Trust by 6,666.7% in the 1st 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. Virtus ETF Advisers LLC increased its holdings in shares of Sabine Royalty Trust by 14.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock worth $189,000 after purchasing an additional 359 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Sabine Royalty Trust in the 1st quarter worth $262,000. Wealth Enhancement Advisory Services LLC grew 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 worth $268,000 after acquiring an additional 200 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of 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 acquiring an additional 1,378 shares during the period. Institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Price Performance

Shares of SBR traded up $0.15 during trading hours on Monday, hitting $70.61. The stock had a trading volume of 11,614 shares, compared to its average volume of 35,180. The firm has a market capitalization of $1.03 billion, a PE ratio of 14.01 and a beta of 0.27. The stock has a fifty day moving average price of $66.56 and a 200 day moving average price of $66.23. Sabine Royalty Trust has a 12 month low of $58.25 and a 12 month high of $71.40.

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. Sabine Royalty Trust had a return on equity of 825.32% and a net margin of 94.85%. The firm had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 29th. Stockholders of record on Wednesday, July 16th were paid a dividend of $0.3459 per share. This is a positive change from Sabine Royalty Trust's previous dividend of $0.14. This represents a dividend yield of 633.0%. The ex-dividend date of this dividend was Tuesday, July 15th. Sabine Royalty Trust's payout ratio is currently 82.34%.

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.