Sabine Royalty Trust (NYSE:SBR) Hits New 12-Month High - Time to Buy?

Key Points

• Sabine Royalty Trust's stock reached a new 12-month high of $80.64, reflecting a 3.3% increase in price during the trading session.
• The company's most recent earnings report showed an earnings per share (EPS) of $1.22 and a remarkable net margin of 94.85%.
• Despite a high dividend yield of 913.0%, the trust has a payout ratio of 139.09%, indicating potential sustainability concerns for future dividends.

Sabine Royalty Trust (NYSE:SBR - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $80.64 and last traded at $80.45, with a volume of 45465 shares trading hands. The stock had previously closed at $77.88.

Sabine Royalty Trust Stock Up 3.3%

The company has a market cap of $1.17 billion, a PE ratio of 15.96 and a beta of 0.28. The stock has a 50-day simple moving average of $71.55 and a 200 day simple moving average of $67.79.

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

Sabine Royalty Trust Cuts Dividend

The company also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.5841 dividend. This represents a dividend yield of 913.0%. The ex-dividend date is Monday, September 15th. Sabine Royalty Trust's payout ratio is currently 139.09%.

Institutional Investors Weigh In On Sabine Royalty Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Beacon Pointe Advisors LLC raised its holdings in shares of Sabine Royalty Trust by 1.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 195,894 shares of the energy company's stock valued at $13,017,000 after buying an additional 2,443 shares during the period. Americana Partners LLC purchased a new stake in shares of Sabine Royalty Trust in the 2nd quarter valued at $2,469,000. Moody National Bank Trust Division purchased a new stake in shares of Sabine Royalty Trust in the 2nd quarter valued at $2,346,000. SCS Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust in the 1st quarter valued at $2,106,000. Finally, Prospera Financial Services Inc increased its holdings in Sabine Royalty Trust by 4.9% during the 2nd quarter. Prospera Financial Services Inc now owns 31,059 shares of the energy company's stock worth $2,071,000 after purchasing an additional 1,462 shares during the period. Hedge funds and other institutional investors own 15.81% of the company's stock.

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.

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