Sabine Royalty Trust (NYSE:SBR) Posts 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) announced its earnings results on Friday. The energy company reported $1.22 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $18.70 million for the quarter. Sabine Royalty Trust had a return on equity of 825.32% and a net margin of 94.85%.

Sabine Royalty Trust Trading Up 0.5%

Shares of NYSE:SBR traded up $0.38 during mid-day trading on Tuesday, hitting $70.47. 3,744 shares of the company traded hands, compared to its average volume of 35,120. The stock has a 50-day moving average price of $66.63 and a two-hundred day moving average price of $66.26. The stock has a market cap of $1.03 billion, a P/E ratio of 13.98 and a beta of 0.27. Sabine Royalty Trust has a 12-month low of $58.25 and a 12-month high of $71.40.

Sabine Royalty Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.7447 per share. 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 presently 82.34%.

Institutional Trading of Sabine Royalty Trust

An institutional investor recently raised its position in Sabine Royalty Trust stock. Cetera Investment Advisers increased its holdings in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,926 shares of the energy company's stock after acquiring an additional 425 shares during the quarter. Cetera Investment Advisers' holdings in Sabine Royalty Trust were worth $395,000 as of its most recent SEC filing. 15.81% of the stock is owned by institutional investors and hedge funds.

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.