Moody National Bank Trust Division Purchases 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 bought a new position in Sabine Royalty Trust (NYSE:SBR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,185 shares of the energy company's stock, valued at approximately $2,346,000. Moody National Bank Trust Division owned approximately 0.24% of Sabine Royalty Trust at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Sabine Royalty Trust in the 1st quarter worth approximately $772,000. SCS Capital Management LLC bought a new position in Sabine Royalty Trust in the 1st quarter worth approximately $2,106,000. Focus Partners Advisor Solutions LLC bought a new position in Sabine Royalty Trust in the 1st quarter worth approximately $207,000. State of Wyoming raised its position in Sabine Royalty Trust by 24.2% in the 1st quarter. State of Wyoming now owns 8,960 shares of the energy company's stock worth $607,000 after purchasing an additional 1,744 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in Sabine Royalty Trust in the 1st quarter worth approximately $474,000. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Stock Up 2.3%

SBR stock traded up $1.81 during trading on Tuesday, hitting $79.69. The company had a trading volume of 14,361 shares, compared to its average volume of 37,073. The firm has a 50-day moving average price of $71.26 and a 200-day moving average price of $67.71. Sabine Royalty Trust has a 12 month low of $58.25 and a 12 month high of $79.64. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 15.81 and a beta of 0.28.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its earnings results on Friday, August 8th. The energy company reported $1.22 EPS for the quarter. The company 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 business also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.5841 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a yield of 913.0%. Sabine Royalty Trust's dividend payout ratio is presently 139.09%.

Sabine Royalty Trust 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.