Kovitz Investment Group Partners LLC Takes $474,000 Position 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 position in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,032 shares of the energy company's stock, valued at approximately $474,000.

Other institutional investors have also modified their holdings of the company. Capital Analysts LLC raised its holdings in shares of Sabine Royalty Trust by 0.8% in the fourth quarter. Capital Analysts LLC now owns 24,245 shares of the energy company's stock worth $1,571,000 after acquiring an additional 200 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sabine Royalty Trust by 5.3% during the 1st 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. Concurrent Investment Advisors LLC increased its holdings in shares of Sabine Royalty Trust by 0.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 28,424 shares of the energy company's stock worth $1,918,000 after buying an additional 213 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Sabine Royalty Trust by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 5,922 shares of the energy company's stock worth $384,000 after buying an additional 231 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Sabine Royalty Trust by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 6,725 shares of the energy company's stock worth $454,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Price Performance

NYSE SBR traded down $0.25 during trading hours on Tuesday, hitting $71.78. The company had a trading volume of 35,947 shares, compared to its average volume of 43,180. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $73.00. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.24 and a beta of 0.27. The firm's 50 day moving average is $67.69 and its 200 day moving average is $66.60.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its quarterly 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 866.81% 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 will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.7447 per share. This is a boost from Sabine Royalty Trust's previous dividend of $0.35. This represents a dividend yield of 1,275.0%. The ex-dividend date is Friday, August 15th. Sabine Royalty Trust's payout ratio 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.