Sabine Royalty Trust (NYSE:SBR) Stock Holdings Lowered by Moors & Cabot Inc.

Key Points

• Moors & Cabot Inc. reduced its stake in Sabine Royalty Trust by 33.1%, selling 9,319 shares, now holding a total of 18,841 shares, valued at approximately $1.3 million.
• The dividend for Sabine Royalty Trust has increased significantly from $0.14 to $0.3459 per share, reflecting a remarkable dividend yield of 633.0%.
• Sabine Royalty Trust recently reported quarterly earnings with an impressive return on equity of 904.22% and a net margin of 95.36% on revenue of $19.4 million.

Moors & Cabot Inc. decreased its position in Sabine Royalty Trust (NYSE:SBR - Free Report) by 33.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,841 shares of the energy company's stock after selling 9,319 shares during the period. Moors & Cabot Inc. owned about 0.13% of Sabine Royalty Trust worth $1,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Analysts LLC raised its position in Sabine Royalty Trust by 0.8% during 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 grew its holdings in shares of Sabine Royalty Trust by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock worth $268,000 after buying an additional 200 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Sabine Royalty Trust by 0.8% during the first 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 in the last quarter. Cetera Investment Advisers grew its holdings in shares of Sabine Royalty Trust by 4.1% during the fourth quarter. Cetera Investment Advisers now owns 5,922 shares of the energy company's stock worth $384,000 after buying an additional 231 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Sabine Royalty Trust by 1.8% during the fourth quarter. Stifel Financial Corp now owns 15,391 shares of the energy company's stock worth $998,000 after buying an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Trading Down 0.1%

Shares of NYSE SBR traded down $0.05 during midday trading on Thursday, reaching $70.53. 5,215 shares of the stock were exchanged, compared to its average volume of 35,025. The company has a market capitalization of $1.03 billion, a P/E ratio of 13.23 and a beta of 0.27. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $71.00. The stock has a 50 day moving average price of $66.42 and a 200-day moving average price of $66.17.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The energy company reported $1.24 EPS for the quarter. Sabine Royalty Trust had a net margin of 95.36% and a return on equity of 904.22%. The business had revenue of $19.40 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 29th. Investors of record on Wednesday, July 16th were issued a $0.3459 dividend. The ex-dividend date was Tuesday, July 15th. This is a positive change from Sabine Royalty Trust's previous dividend of $0.14. This represents a yield of 633.0%. Sabine Royalty Trust's payout ratio is presently 77.86%.

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.