Sabine Royalty Trust (SBR) To Go Ex-Dividend on November 17th

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, November 7th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.3567 per share by the energy company on Friday, November 28th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Monday, November 17th.

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

Sabine Royalty Trust Price Performance

Shares of NYSE:SBR traded up $1.36 during trading hours on Friday, hitting $79.16. 31,201 shares of the company’s stock traded hands, compared to its average volume of 38,690. The business has a fifty day moving average price of $74.29 and a 200-day moving average price of $69.92. Sabine Royalty Trust has a 1 year low of $58.25 and a 1 year high of $84.39. The firm has a market capitalization of $1.15 billion, a P/E ratio of 15.71 and a beta of 0.25.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Friday, November 7th. The energy company reported $1.70 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 866.81% and a net margin of 94.85%.The firm had revenue of $25.52 million during the quarter.

Institutional Investors Weigh In On Sabine Royalty Trust

Hedge funds have recently made changes to their positions in the company. Virtus Investment Advisers LLC grew its position in shares of Sabine Royalty Trust by 7.2% during the 2nd 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. Capital Investment Advisors LLC increased its position in Sabine Royalty Trust by 1.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company’s stock valued at $841,000 after purchasing an additional 193 shares during the period. Carnegie Investment Counsel raised its holdings in shares of Sabine Royalty Trust by 2.8% in the 2nd quarter. Carnegie Investment Counsel now owns 7,507 shares of the energy company’s stock valued at $501,000 after purchasing an additional 207 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Sabine Royalty Trust by 3.8% during the first quarter. HighTower Advisors LLC now owns 6,725 shares of the energy company’s stock valued at $454,000 after purchasing an additional 246 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Sabine Royalty Trust by 85.6% during the third quarter. Fifth Third Bancorp now owns 659 shares of the energy company’s stock valued at $52,000 after buying an additional 304 shares during the period. 15.81% of the stock is currently owned by hedge funds and other 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.