PFG Investments LLC Makes New Investment in Sabine Royalty Trust $SBR

Key Points

• PFG Investments LLC has acquired a new position in Sabine Royalty Trust, purchasing 3,898 shares valued at approximately $260,000 during the 2nd quarter.
• Sabine Royalty Trust announced a monthly dividend of $0.3689 per share, which represents an annualized yield of 5.9%, with a dividend payout ratio of 139.09%.
• Despite strong performance with a reported net margin of 94.85% and return on equity of 866.81%, the stock currently holds an average rating of "Hold" from analysts.

PFG Investments LLC purchased a new position in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,898 shares of the energy company's stock, valued at approximately $260,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position 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 acquiring an additional 400 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Sabine Royalty Trust during the 1st quarter worth approximately $262,000. Moody National Bank Trust Division acquired a new stake in shares of Sabine Royalty Trust during the 2nd quarter worth approximately $2,346,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Sabine Royalty Trust during the 1st quarter worth approximately $474,000. Finally, SCS Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust during the 1st quarter worth approximately $2,106,000. Institutional investors and hedge funds own 15.81% of the company's stock.

Sabine Royalty Trust Stock Performance

SBR stock opened at $75.33 on Monday. The company has a fifty day moving average price of $73.74 and a 200-day moving average price of $68.59. The company has a market capitalization of $1.10 billion, a P/E ratio of 14.95 and a beta of 0.27. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $84.39.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released 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 net margin of 94.85% and a return on equity of 866.81%. The firm had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.3689 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, October 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is currently 139.09%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Sabine Royalty Trust in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

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.

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