XTX Topco Ltd Acquires Shares of 3,864 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 shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,864 shares of the energy company's stock, valued at approximately $262,000.

Other large investors also recently modified their holdings of the company. Beacon Pointe Advisors LLC raised its position in Sabine Royalty Trust by 289.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock valued at $12,191,000 after purchasing an additional 139,836 shares during the last quarter. Raymond James Financial Inc. bought a new position in Sabine Royalty Trust in the fourth quarter valued at about $1,920,000. Clare Market Investments LLC increased its stake in shares of Sabine Royalty Trust by 19.3% in the first quarter. Clare Market Investments LLC now owns 27,793 shares of the energy company's stock valued at $1,881,000 after buying an additional 4,500 shares during the period. LPL Financial LLC increased its stake in shares of Sabine Royalty Trust by 16.1% in the first quarter. LPL Financial LLC now owns 22,035 shares of the energy company's stock valued at $1,492,000 after buying an additional 3,062 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Sabine Royalty Trust by 34.8% in the fourth quarter. Lazard Asset Management LLC now owns 5,338 shares of the energy company's stock valued at $345,000 after buying an additional 1,378 shares during the period. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Stock Performance

Shares of SBR stock traded down $0.15 on Thursday, hitting $71.52. The company had a trading volume of 39,793 shares, compared to its average volume of 35,504. The firm has a market cap of $1.04 billion, a P/E ratio of 14.19 and a beta of 0.27. The stock's 50-day moving average is $66.80 and its two-hundred day moving average is $66.33. Sabine Royalty Trust has a twelve month low of $58.25 and a twelve month high of $73.00.

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

Sabine Royalty Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.7447 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from Sabine Royalty Trust's previous dividend of $0.35. This represents a dividend yield of 1,275.0%. Sabine Royalty Trust's payout ratio is currently 82.34%.

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.