Sabine Royalty Trust (SBR) To Go Ex-Dividend on December 15th

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, December 5th. Investors of record on Monday, December 15th will be given a dividend of 0.1967 per share by the energy company on Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th.

Sabine Royalty Trust has raised its dividend by an average of 0.1%annually over the last three years.

Sabine Royalty Trust Stock Performance

NYSE SBR traded down $1.64 on Friday, hitting $69.45. The stock had a trading volume of 39,586 shares, compared to its average volume of 35,275. The firm has a 50-day moving average of $73.47 and a 200-day moving average of $71.37. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $84.39. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.79 and a beta of 0.25.

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

Hedge Funds Weigh In On Sabine Royalty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Sabine Royalty Trust by 51.8% during the 3rd quarter. Allworth Financial LP now owns 586 shares of the energy company’s stock valued at $47,000 after buying an additional 200 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Sabine Royalty Trust by 79.2% during the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock worth $47,000 after acquiring an additional 313 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Sabine Royalty Trust by 85.6% in the 3rd quarter. Fifth Third Bancorp now owns 659 shares of the energy company’s stock worth $52,000 after acquiring an additional 304 shares during the last quarter. 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 purchasing an additional 2,000 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Sabine Royalty Trust by 92.6% during the 3rd quarter. NewEdge Advisors LLC now owns 1,040 shares of the energy company’s stock valued at $83,000 after purchasing an additional 500 shares during the last quarter. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

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.