Howard Financial Services LTD. Has $4.51 Million Holdings in Sabine Royalty Trust $SBR

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. lessened its holdings in Sabine Royalty Trust (NYSE:SBR - Free Report) by 12.4% during the second quarter, according to 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 period. Howard Financial Services LTD. owned about 0.47% of Sabine Royalty Trust worth $4,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBR. Cetera Investment Advisers raised its holdings in shares of Sabine Royalty Trust by 4.1% in the 4th quarter. Cetera Investment Advisers now owns 5,922 shares of the energy company's stock worth $384,000 after acquiring an additional 231 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Sabine Royalty Trust by 34.8% in the 4th 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 last quarter. GAMMA Investing LLC increased its stake 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. Clare Market Investments LLC increased its stake in Sabine Royalty Trust by 19.3% in the 1st quarter. Clare Market Investments LLC now owns 27,793 shares of the energy company's stock valued at $1,881,000 after buying an additional 4,500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Sabine Royalty Trust by 5.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock valued at $268,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 15.81% of the company's stock.

Sabine Royalty Trust Stock Performance

NYSE:SBR opened at $76.86 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 15.25 and a beta of 0.28. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $77.49. The firm has a 50-day moving average price of $69.98 and a two-hundred day moving average price of $67.20.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The energy company reported $1.22 EPS for the quarter. The firm 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 company also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $0.5841 dividend. The ex-dividend date is Monday, September 15th. This represents a yield of 942.0%. Sabine Royalty Trust's dividend payout ratio (DPR) is 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.

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