Sabine Royalty Trust $SBR Shares Sold by Howard Financial Services LTD.

Key Points

• Howard Financial Services LTD. reduced its holdings in Sabine Royalty Trust by 12.4%, owning 67,814 shares valued at approximately $4.51 million as of the latest SEC filing.
• Sabine Royalty Trust recently reported a 94.85% net margin and a quarterly revenue of $18.70 million, with earnings per share (EPS) of $1.22.
• The company declared a dividend of $0.5841 to be paid on September 29, which results in a striking yield of 942.0%, despite a high dividend payout ratio of 177.38%.

Howard Financial Services LTD. trimmed its holdings in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 12.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,814 shares of the energy company's stock after selling 9,619 shares during the quarter. Howard Financial Services LTD. owned 0.47% of Sabine Royalty Trust worth $4,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Sabine Royalty Trust during the 1st quarter valued at about $772,000. SCS Capital Management LLC acquired a new position in shares of Sabine Royalty Trust in the 1st quarter valued at about $2,106,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Sabine Royalty Trust in the 1st quarter valued at about $207,000. State of Wyoming lifted its holdings in shares of Sabine Royalty Trust by 24.2% in the 1st quarter. State of Wyoming now owns 8,960 shares of the energy company's stock valued at $607,000 after buying an additional 1,744 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in Sabine Royalty Trust in the 1st quarter worth about $474,000. Hedge funds and other institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Stock Up 0.3%

Shares of Sabine Royalty Trust stock traded up $0.25 during mid-day trading on Thursday, reaching $77.28. 21,610 shares of the stock traded hands, compared to its average volume of 37,023. The business has a 50-day moving average of $70.61 and a 200 day moving average of $67.43. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $77.50. The stock has a market capitalization of $1.13 billion, a PE ratio of 15.33 and a beta of 0.28.

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 (EPS) for the quarter. The business had revenue of $18.70 million during 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 disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.5841 dividend. This represents a yield of 913.0%. The ex-dividend date is Monday, September 15th. Sabine Royalty Trust's dividend payout ratio is presently 138.89%.

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.