Sabine Royalty Trust (NYSE:SBR) Plans Monthly Dividend of $0.33

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, September 4th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.3317 per share by the energy company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Tuesday, September 15th.

Sabine Royalty Trust has increased its dividend by an average of 0.2%annually over the last three years.

Sabine Royalty Trust Price Performance

NYSE:SBR opened at $74.64 on Friday. Sabine Royalty Trust has a 1-year low of $65.31 and a 1-year high of $84.39. The company has a 50-day moving average of $73.33 and a 200 day moving average of $74.17. The firm has a market cap of $1.09 billion, a PE ratio of 15.23 and a beta of 0.22.

Sabine Royalty Trust (NYSE:SBR) last posted its earnings results on Friday, August 7th. The energy company reported $1.43 EPS for the quarter. Sabine Royalty Trust had a net margin of 94.90% and a return on equity of 961.80%. The company had revenue of $21.79 million during the quarter.

Institutional Investors Weigh In On Sabine Royalty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of SBR. Lazard Asset Management LLC raised its position in shares of Sabine Royalty Trust by 9.8% during the 1st quarter. Lazard Asset Management LLC now owns 17,289 shares of the energy company’s stock valued at $1,303,000 after buying an additional 1,542 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sabine Royalty Trust in the 1st quarter valued at $774,000. State of Wyoming lifted its stake in shares of Sabine Royalty Trust by 117.1% in the 1st quarter. State of Wyoming now owns 5,807 shares of the energy company’s stock valued at $437,000 after purchasing an additional 3,132 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Sabine Royalty Trust by 3.9% during the 1st quarter. Cetera Investment Advisers now owns 6,757 shares of the energy company’s stock worth $509,000 after purchasing an additional 254 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in shares of Sabine Royalty Trust during the 1st quarter worth about $765,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Sabine Royalty Trust Company 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.