Atria Wealth Solutions Inc. Invests $205,000 in Sabine Royalty Trust $SBR

Atria Wealth Solutions Inc. bought a new position in Sabine Royalty Trust (NYSE:SBR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,078 shares of the energy company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBR. GAMMA Investing LLC lifted its stake in Sabine Royalty Trust by 6,666.7% in the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. XTX Topco Ltd purchased a new position in Sabine Royalty Trust in the first quarter valued at approximately $262,000. Moody National Bank Trust Division purchased a new position in Sabine Royalty Trust in the second quarter valued at approximately $2,346,000. Kovitz Investment Group Partners LLC purchased a new position in Sabine Royalty Trust in the first quarter valued at approximately $474,000. Finally, SCS Capital Management LLC purchased a new position in Sabine Royalty Trust in the first quarter valued at approximately $2,106,000. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Performance

Sabine Royalty Trust stock opened at $69.00 on Thursday. The stock has a market cap of $1.01 billion, a P/E ratio of 13.69 and a beta of 0.27. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $84.39. The firm’s fifty day moving average price is $73.95 and its 200-day moving average price is $68.80.

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

Sabine Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.3689 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Wednesday, October 15th. Sabine Royalty Trust’s dividend payout ratio is currently 87.90%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sabine Royalty Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sabine Royalty Trust presently has a consensus rating of “Hold”.

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.