Fayez Sarofim & Co Has $15.27 Million Stake 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 reduced its position in Sabine Royalty Trust (NYSE:SBR - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 225,636 shares of the energy company's stock after selling 30,000 shares during the period. Fayez Sarofim & Co owned about 1.55% of Sabine Royalty Trust worth $15,273,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position 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 in the last quarter. Capital Analysts LLC grew its position in Sabine Royalty Trust by 0.8% during the fourth quarter. Capital Analysts LLC now owns 24,245 shares of the energy company's stock valued at $1,571,000 after purchasing an additional 200 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake 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 period. Cetera Investment Advisers increased its stake 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 period. Finally, Stifel Financial Corp lifted its position in Sabine Royalty Trust by 1.8% in the 4th quarter. Stifel Financial Corp now owns 15,391 shares of the energy company's stock worth $998,000 after buying an additional 269 shares in the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

Sabine Royalty Trust Stock Up 0.9%

Shares of Sabine Royalty Trust stock traded up $0.64 on Friday, hitting $70.58. 35,325 shares of the company traded hands, compared to its average volume of 29,694. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $71.40. The company has a market cap of $1.03 billion, a PE ratio of 13.24 and a beta of 0.27. The company has a 50-day moving average price of $66.56 and a 200 day moving average price of $66.22.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The energy company reported $1.22 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 95.36% and a return on equity of 904.22%. The business had revenue of $18.70 million for the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, July 15th. This represents a dividend yield of 633.0%. Sabine Royalty Trust's dividend payout ratio (DPR) is currently 77.86%.

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.