Kovitz Investment Group Partners LLC Invests $474,000 in Sabine Royalty Trust $SBR

Key Points

• Kovitz Investment Group Partners LLC has invested approximately $474,000 in Sabine Royalty Trust by purchasing 7,032 shares in the first quarter.
• Sabine Royalty Trust recently declared a dividend of $0.7447, significantly up from its previous dividend of $0.35, resulting in a dividend yield of 1,275.0%.
• The company reported a net margin of 94.85% and earnings per share of $1.22 in its latest quarterly earnings.

Kovitz Investment Group Partners LLC purchased a new stake in Sabine Royalty Trust (NYSE:SBR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,032 shares of the energy company's stock, valued at approximately $474,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position 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. Virtus ETF Advisers LLC lifted its stake in shares of Sabine Royalty Trust by 14.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock valued at $189,000 after acquiring an additional 359 shares during the period. XTX Topco Ltd bought a new position in Sabine Royalty Trust in the first quarter valued at about $262,000. Wealth Enhancement Advisory Services LLC increased its position in 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 purchasing an additional 200 shares during the period. Finally, Significant Wealth Partners LLC raised its holdings in Sabine Royalty Trust by 17.1% during the 1st quarter. Significant Wealth Partners LLC now owns 5,209 shares of the energy company's stock worth $351,000 after purchasing an additional 760 shares during the last quarter. Institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Trading Up 1.5%

Sabine Royalty Trust stock opened at $71.38 on Thursday. The company has a market cap of $1.04 billion, a PE ratio of 14.16 and a beta of 0.27. Sabine Royalty Trust has a 1 year low of $58.25 and a 1 year high of $73.00. The company's 50-day moving average is $67.26 and its two-hundred day moving average is $66.49.

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 94.85% and a return on equity of 866.81%. The business had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.7447 dividend. This is an increase from Sabine Royalty Trust's previous dividend of $0.35. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 1,275.0%. Sabine Royalty Trust's dividend payout ratio (DPR) is currently 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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