Sabine Royalty Trust (NYSE:SBR) Hits New 52-Week High - Here's What Happened

Key Points

• Sabine Royalty Trust (NYSE:SBR) shares reached a new 52-week high, trading at $77.00 during the latest session, with a previous close of $76.04.
• The company reported earnings of $1.22 EPS for the last quarter, with a remarkable return on equity of 866.81% and a net margin of 94.85%.
• Sabine Royalty Trust declared a dividend of $0.5841 per share to be paid on September 29, representing a significant yield of 942.0%.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $77.00 and last traded at $76.81, with a volume of 4331 shares trading hands. The stock had previously closed at $76.04.

Sabine Royalty Trust Trading Up 1.0%

The company has a market cap of $1.12 billion, a PE ratio of 15.23 and a beta of 0.28. The stock has a 50 day moving average price of $69.36 and a 200 day moving average price of $67.01.

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 return on equity of 866.81% and a net margin of 94.85%.The company had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Cuts Dividend

The business also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.5841 per share. This represents a yield of 942.0%. The ex-dividend date of this dividend is Monday, September 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is 177.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased 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 valued at $27,000 after buying an additional 400 shares in the last quarter. XTX Topco Ltd bought a new position in Sabine Royalty Trust during the 1st quarter valued at approximately $262,000. Clare Market Investments LLC increased its position in Sabine Royalty Trust by 19.3% during the 1st 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 in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Sabine Royalty Trust during the 1st quarter valued at approximately $474,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Sabine Royalty Trust by 5.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock valued at $268,000 after buying an additional 200 shares in the last quarter. 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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