Sabine Royalty Trust (NYSE:SBR) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its position in Sabine Royalty Trust (NYSE:SBR) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,115 shares of the energy company’s stock after selling 1,052 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Sabine Royalty Trust were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in shares of Sabine Royalty Trust by 3.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,943 shares of the energy company’s stock worth $1,248,000 after purchasing an additional 589 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Sabine Royalty Trust by 2.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,732 shares of the energy company’s stock valued at $575,000 after buying an additional 199 shares during the period. Moors & Cabot Inc. boosted its position in Sabine Royalty Trust by 2.8% during the third quarter. Moors & Cabot Inc. now owns 10,967 shares of the energy company’s stock worth $723,000 after acquiring an additional 295 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in Sabine Royalty Trust in the 3rd quarter worth approximately $238,000. Finally, HighTower Advisors LLC grew its stake in Sabine Royalty Trust by 40.9% in the 3rd quarter. HighTower Advisors LLC now owns 9,947 shares of the energy company’s stock worth $654,000 after acquiring an additional 2,887 shares during the period. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Up 1.5 %

Shares of Sabine Royalty Trust stock opened at $63.83 on Thursday. Sabine Royalty Trust has a fifty-two week low of $55.60 and a fifty-two week high of $75.60. The business’s fifty day moving average is $63.23 and its two-hundred day moving average is $63.26. The firm has a market cap of $930.58 million, a PE ratio of 10.31 and a beta of 0.51.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, February 29th. The energy company reported $2.30 EPS for the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%. The firm had revenue of $34.35 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.598 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.54. This represents a $7.18 annualized dividend and a dividend yield of 11.24%. The ex-dividend date is Tuesday, May 14th. Sabine Royalty Trust’s dividend payout ratio is presently 115.83%.

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.