Sabine Royalty Trust (NYSE:SBR) Releases Earnings Results

Key Points

• Sabine Royalty Trust reported quarterly earnings of $1.22 per share, with a significant net margin of 95.36% and a return on equity of 904.22%.
• The company recently increased its dividend to $0.3459 per share, reflecting a yield of 633.0%, an increase from a prior dividend of $0.14.
• Jane Street Group LLC has acquired a new position in Sabine Royalty Trust, purchasing approximately 11,404 shares valued at around $772,000.

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

Sabine Royalty Trust Stock Performance

NYSE:SBR traded up $1.35 during trading hours on Wednesday, reaching $72.00. The stock had a trading volume of 25,312 shares, compared to its average volume of 35,144. The stock has a 50 day simple moving average of $66.70 and a 200 day simple moving average of $66.29. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $72.20. The stock has a market cap of $1.05 billion, a P/E ratio of 14.30 and a beta of 0.27.

Sabine Royalty Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.7447 dividend. 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 of this dividend is Friday, August 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is 177.18%.

Institutional Trading of Sabine Royalty Trust

An institutional investor recently bought a new position in Sabine Royalty Trust stock. Jane Street Group LLC purchased a new stake in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,404 shares of the energy company's stock, valued at approximately $772,000. Jane Street Group LLC owned approximately 0.08% of Sabine Royalty Trust at the end of the most recent quarter. 15.81% of the stock is currently owned by institutional investors.

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.