Sabine Royalty Trust (NYSE:SBR) Sees Strong Trading Volume - What's Next?

Key Points

• Sabine Royalty Trust shares experienced a significant trading volume increase, with around 20,188 shares traded, down from 23,293 in the previous session.
• The company's latest quarterly earnings showed an earnings per share (EPS) of $1.24 and revenue of $19.40 million, reflecting a robust performance.
• Sabine Royalty Trust announced a dividend of $0.3459 to be paid on July 29th, increasing from the previous dividend of $0.14, representing a dividend yield of 6.33%.
• Institutional investors own 15.81% of Sabine Royalty Trust shares, with several firms increasing their stakes in recent quarters.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) saw an uptick in trading volume on Friday . 20,188 shares traded hands during mid-day trading, a decline of 13% from the previous session's volume of 23,293 shares.The stock last traded at $65.79 and had previously closed at $66.17.

Sabine Royalty Trust Price Performance

The company has a market capitalization of $970.96 million, a PE ratio of 12.49 and a beta of 0.28. The company has a 50 day moving average of $66.28 and a two-hundred day moving average of $66.13.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 904.22% and a net margin of 95.36%. The business had revenue of $19.40 million for the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th will be issued a dividend of $0.3459 per share. This is a positive change from Sabine Royalty Trust's previous dividend of $0.14. This represents a yield of 6.33%. The ex-dividend date is Tuesday, July 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is 77.86%.

Institutional Trading of Sabine Royalty Trust

Large investors have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. bought a new position in Sabine Royalty Trust in the 2nd quarter valued at $205,000. PFG Investments LLC bought a new stake in Sabine Royalty Trust during the second quarter valued at about $260,000. Capital Investment Advisors LLC boosted its position in Sabine Royalty Trust by 1.5% during the second quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company's stock valued at $841,000 after purchasing an additional 193 shares in the last quarter. Moody National Bank Trust Division bought a new stake in Sabine Royalty Trust during the second quarter valued at about $2,346,000. Finally, Jane Street Group LLC bought a new stake in Sabine Royalty Trust during the first quarter valued at about $772,000. Institutional investors own 15.81% of the company's stock.

About Sabine Royalty Trust

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.