Americana Partners LLC Raises Position in Sabine Royalty Trust $SBR

Americana Partners LLC grew its holdings in Sabine Royalty Trust (NYSE:SBR) by 611.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,404 shares of the energy company’s stock after acquiring an additional 227,249 shares during the period. Americana Partners LLC owned about 1.81% of Sabine Royalty Trust worth $21,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in Sabine Royalty Trust by 79.2% in the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock valued at $47,000 after purchasing an additional 313 shares during the period. Quaker Wealth Management LLC boosted its stake in shares of Sabine Royalty Trust by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,000 shares of the energy company’s stock valued at $66,000 after buying an additional 2,000 shares during the period. Virtus Investment Advisers LLC grew its position in shares of Sabine Royalty Trust by 7.2% during the second quarter. Virtus Investment Advisers LLC now owns 2,593 shares of the energy company’s stock worth $173,000 after buying an additional 175 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Sabine Royalty Trust during the second quarter worth approximately $205,000. Finally, PFG Investments LLC purchased a new stake in shares of Sabine Royalty Trust during the second quarter worth approximately $260,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sabine Royalty Trust in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sabine Royalty Trust currently has an average rating of “Hold”.

Sabine Royalty Trust Price Performance

Shares of SBR opened at $67.59 on Tuesday. Sabine Royalty Trust has a 1-year low of $58.25 and a 1-year high of $84.39. The stock has a market cap of $985.40 million, a PE ratio of 12.45 and a beta of 0.28. The firm has a fifty day moving average price of $72.12 and a 200 day moving average price of $71.78.

Sabine Royalty Trust (NYSE:SBR) last posted its earnings results on Friday, November 7th. The energy company reported $1.70 EPS for the quarter. Sabine Royalty Trust had a return on equity of 961.65% and a net margin of 95.30%.The business had revenue of $25.52 million for the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be issued a $0.3216 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 5.7%. Sabine Royalty Trust’s dividend payout ratio is currently 71.09%.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.