Shares of Sabine Royalty Trust (NYSE:SBR - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $74.74 and last traded at $74.46, with a volume of 40460 shares trading hands. The stock had previously closed at $74.30.
Sabine Royalty Trust Price Performance
The firm has a market cap of $1.08 billion, a P/E ratio of 14.76 and a beta of 0.28. The company's 50-day moving average is $69.02 and its two-hundred day moving average is $66.95.
Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its 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 firm had revenue of $18.70 million for the quarter.
Sabine Royalty Trust Dividend Announcement
The firm also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.5841 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a yield of 942.0%. Sabine Royalty Trust's dividend payout ratio (DPR) is 138.89%.
Institutional Trading of Sabine Royalty Trust
Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Sabine Royalty Trust by 6,666.7% during the 1st 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. BNP Paribas Financial Markets increased its position in shares of Sabine Royalty Trust by 79.2% during the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company's stock worth $47,000 after buying an additional 313 shares during the period. Quaker Wealth Management LLC increased its holdings in Sabine Royalty Trust by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the energy company's stock worth $66,000 after purchasing an additional 2,000 shares in the last quarter. Virtus Investment Advisers LLC lifted its position in shares of Sabine Royalty Trust by 7.2% during the 2nd quarter. Virtus Investment Advisers LLC now owns 2,593 shares of the energy company's stock valued at $173,000 after acquiring an additional 175 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new stake in Sabine Royalty Trust in the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 15.81% of the company's stock.
Sabine Royalty Trust Company Profile
(
Get Free Report)
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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