Sabine Royalty Trust $SBR Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its holdings in Sabine Royalty Trust (NYSE:SBR - Free Report) by 41.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,009 shares of the energy company's stock after selling 11,833 shares during the period. Blue Trust Inc. owned about 0.12% of Sabine Royalty Trust worth $1,134,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. PFG Investments LLC purchased a new position in shares of Sabine Royalty Trust during the 2nd quarter valued at approximately $260,000. Capital Investment Advisors LLC lifted its holdings in Sabine Royalty Trust by 1.5% during the second quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company's stock valued at $841,000 after purchasing an additional 193 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Sabine Royalty Trust in the second quarter valued at about $2,346,000. Jane Street Group LLC purchased a new stake in shares of Sabine Royalty Trust during the first quarter worth about $772,000. Finally, SCS Capital Management LLC acquired a new position in shares of Sabine Royalty Trust during the 1st quarter worth about $2,106,000. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Stock Down 3.1%

Sabine Royalty Trust stock opened at $67.99 on Friday. The company has a fifty day simple moving average of $74.19 and a 200-day simple moving average of $68.71. The firm has a market capitalization of $991.29 million, a price-to-earnings ratio of 13.49 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 posted its quarterly earnings results on Friday, August 8th. The energy company reported $1.22 earnings per share for the quarter. The firm had revenue of $18.70 million for 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 disclosed a monthly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a dividend of $0.3689 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%. Sabine Royalty Trust's dividend payout ratio (DPR) is presently 139.09%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Sabine Royalty Trust in a research note on Wednesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".

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.

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