Sabine Royalty Trust (NYSE:SBR) Reaches New 52-Week High – Still a Buy?

Sabine Royalty Trust (NYSE:SBR)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $80.64 and last traded at $80.45, with a volume of 45465 shares traded. The stock had previously closed at $77.88.

Sabine Royalty Trust Stock Up 0.9%

The stock has a market cap of $1.19 billion, a P/E ratio of 16.17 and a beta of 0.28. The firm’s 50-day moving average is $72.17 and its two-hundred day moving average is $67.99.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings results on Friday, August 8th. The energy company reported $1.22 EPS for the quarter. The company had revenue of $18.70 million for the quarter. Sabine Royalty Trust had a net margin of 94.85% and a return on equity of 866.81%.

Sabine Royalty Trust Cuts Dividend

The business also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a $0.5841 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a dividend yield of 913.0%. Sabine Royalty Trust’s payout ratio is currently 139.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SBR. GAMMA Investing LLC lifted its holdings in Sabine Royalty Trust by 6,666.7% in the 1st quarter. GAMMA Investing LLC now owns 406 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of 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 lifted its stake in shares of Sabine Royalty Trust by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the energy company’s stock worth $66,000 after buying an additional 2,000 shares during the last quarter. Virtus Investment Advisers LLC lifted its stake in shares of Sabine Royalty Trust by 7.2% in 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 during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Sabine Royalty Trust during the 1st quarter worth $207,000. 15.81% of the stock is owned by institutional investors.

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.