Moody National Bank Trust Division Acquires Shares of 35,185 Sabine Royalty Trust $SBR

Key Points

• Moody National Bank Trust Division has invested approximately $2.35 million in Sabine Royalty Trust, acquiring 35,185 shares of the company.
• Sabine Royalty Trust recently declared a dividend of $0.5841, with a dividend yield of 913.0%, despite a high payout ratio of 139.09%.
• The company reported a net margin of 94.85% and a return on equity of 866.81% in its last quarterly earnings, demonstrating robust financial performance.

Moody National Bank Trust Division acquired a new position in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 35,185 shares of the energy company's stock, valued at approximately $2,346,000. Moody National Bank Trust Division owned 0.24% of Sabine Royalty Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Sabine Royalty Trust by 6,666.7% during the 1st quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock worth $27,000 after purchasing an additional 400 shares during the period. Focus Partners Advisor Solutions LLC purchased a new position in shares of Sabine Royalty Trust during the 1st quarter valued at approximately $207,000. XTX Topco Ltd purchased a new position in shares of Sabine Royalty Trust during the 1st quarter valued at approximately $262,000. Wealth Enhancement Advisory Services LLC lifted its position 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 valued at $268,000 after buying an additional 200 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Sabine Royalty Trust by 34.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,338 shares of the energy company's stock valued at $345,000 after buying an additional 1,378 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company's stock.

Sabine Royalty Trust Stock Performance

Shares of NYSE:SBR traded down $0.31 during midday trading on Friday, reaching $76.79. 42,695 shares of the company's stock traded hands, compared to its average volume of 42,583. Sabine Royalty Trust has a 1 year low of $58.25 and a 1 year high of $77.50. The company has a market cap of $1.12 billion, a P/E ratio of 15.24 and a beta of 0.28. The company has a fifty day simple moving average of $71.03 and a two-hundred day simple moving average of $67.62.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its 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 for the quarter.

Sabine Royalty Trust Cuts Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.5841 per share. The ex-dividend date is Monday, September 15th. This represents a dividend yield of 913.0%. Sabine Royalty Trust's dividend payout ratio (DPR) is 139.09%.

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.