Sabine Royalty Trust (NYSE:SBR) Sets New 12-Month High - Should You Buy?

Key Points

• Sabine Royalty Trust reached a new 52-week high of $70.25 during trading, up 3.6% from its previous close.
• The company reported $1.24 earnings per share (EPS) with a net margin of 95.36%, indicating strong financial performance.
• Sabine Royalty Trust increased its dividend to $0.3459, reflecting a substantial yield of 633.0%, despite a high payout ratio of 167.54%.

Sabine Royalty Trust (NYSE:SBR - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $70.25 and last traded at $70.25, with a volume of 38363 shares traded. The stock had previously closed at $68.05.

Sabine Royalty Trust Stock Up 3.6%

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.22 and a beta of 0.27. The stock has a 50-day moving average price of $66.34 and a 200 day moving average price of $66.14.

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

Sabine Royalty Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 29th. Investors of record on Wednesday, July 16th were issued a $0.3459 dividend. This represents a yield of 633.0%. This is a positive change from Sabine Royalty Trust's previous dividend of $0.14. The ex-dividend date of this dividend was Tuesday, July 15th. Sabine Royalty Trust's dividend payout ratio is currently 167.54%.

Institutional Investors Weigh In On Sabine Royalty Trust

Several large investors have recently modified their holdings of the company. Beacon Pointe Advisors LLC boosted its holdings in shares of Sabine Royalty Trust by 289.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock valued at $12,191,000 after acquiring an additional 139,836 shares during the period. Moody National Bank Trust Division purchased a new stake in shares of Sabine Royalty Trust during the second quarter worth approximately $2,346,000. SCS Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust during the first quarter worth approximately $2,106,000. Raymond James Financial Inc. purchased a new stake in shares of Sabine Royalty Trust during the fourth quarter worth approximately $1,920,000. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Sabine Royalty Trust by 0.8% during the first quarter. Concurrent Investment Advisors LLC now owns 28,424 shares of the energy company's stock worth $1,918,000 after purchasing an additional 213 shares during the last quarter. 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.

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