Savant Capital LLC Makes New Investment in Sabine Royalty Trust $SBR

Savant Capital LLC bought a new position in Sabine Royalty Trust (NYSE:SBR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,964 shares of the energy company’s stock, valued at approximately $820,000. Savant Capital LLC owned about 0.08% of Sabine Royalty Trust as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Fifth Third Bancorp raised its position in Sabine Royalty Trust by 25.3% in the 4th quarter. Fifth Third Bancorp now owns 826 shares of the energy company’s stock worth $57,000 after buying an additional 167 shares during the last quarter. Allworth Financial LP grew its stake 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 purchasing an additional 200 shares during the period. WealthCollab LLC grew its stake in shares of Sabine Royalty Trust by 124.1% during the 4th quarter. WealthCollab LLC now owns 437 shares of the energy company’s stock valued at $30,000 after purchasing an additional 242 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Sabine Royalty Trust by 79.2% during the 2nd 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. Finally, Cetera Investment Advisers grew its stake in shares of Sabine Royalty Trust by 7.7% during the 2nd quarter. Cetera Investment Advisers now owns 5,926 shares of the energy company’s stock valued at $395,000 after purchasing an additional 425 shares during the period. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Up 1.4%

Sabine Royalty Trust stock opened at $76.91 on Wednesday. The business has a 50-day simple moving average of $75.55 and a two-hundred day simple moving average of $73.11. The company has a market cap of $1.12 billion, a P/E ratio of 16.40 and a beta of 0.21. Sabine Royalty Trust has a 52-week low of $64.57 and a 52-week high of $84.39.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.4979 per share. The ex-dividend date was Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.32. Sabine Royalty Trust’s dividend payout ratio is presently 127.29%.

Sabine Royalty Trust 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.