XTX Topco Ltd Acquires New Holdings in Sabine Royalty Trust (NYSE:SBR)

Key Points

• XTX Topco Ltd invested approximately $262,000 in Sabine Royalty Trust (NYSE:SBR) by acquiring 3,864 shares in the first quarter.
• The company recently announced a dividend increase from $0.35 to $0.7447 per share, which represents a dividend yield of 1,275.0%.
• Sabine Royalty Trust reported a strong quarterly earnings performance with an earnings per share (EPS) of $1.22 and a net margin of 94.85%.

XTX Topco Ltd bought a new position in Sabine Royalty Trust (NYSE:SBR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,864 shares of the energy company's stock, valued at approximately $262,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Sabine Royalty Trust by 6,666.7% in the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares during the last quarter. Virtus ETF Advisers LLC grew its position in shares of Sabine Royalty Trust by 14.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock worth $189,000 after buying an additional 359 shares during the period. Wealth Enhancement Advisory Services LLC grew 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 worth $268,000 after buying an additional 200 shares during the period. Lazard Asset Management LLC grew 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 worth $345,000 after buying an additional 1,378 shares during the period. Finally, Significant Wealth Partners LLC grew its position in shares of Sabine Royalty Trust by 17.1% during the 1st quarter. Significant Wealth Partners LLC now owns 5,209 shares of the energy company's stock worth $351,000 after buying an additional 760 shares during the period. 15.81% of the stock is owned by institutional investors.

Sabine Royalty Trust Trading Down 0.0%

Shares of NYSE:SBR traded down $0.01 during trading on Friday, hitting $71.58. 57,214 shares of the company's stock were exchanged, compared to its average volume of 33,503. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $73.00. The firm has a 50-day moving average price of $66.99 and a two-hundred day moving average price of $66.40. The firm has a market cap of $1.04 billion, a P/E ratio of 14.20 and a beta of 0.27.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The energy company reported $1.22 EPS for the quarter. Sabine Royalty Trust had a net margin of 94.85% and a return on equity of 866.81%. The company had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a dividend of $0.7447 per share. This is an increase from Sabine Royalty Trust's previous dividend of $0.35. This represents a yield of 1,275.0%. The ex-dividend date is Friday, August 15th. Sabine Royalty Trust's dividend payout ratio is presently 82.34%.

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.