Sabine Royalty Trust (NYSE:SBR – Get Free Report) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.4195 per share by the energy company on Thursday, February 29th. This represents a $5.03 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Wednesday, February 14th.
Sabine Royalty Trust Stock Performance
NYSE SBR opened at $62.00 on Monday. The company has a market cap of $903.96 million, a PE ratio of 10.10 and a beta of 0.52. Sabine Royalty Trust has a 52-week low of $55.60 and a 52-week high of $85.95. The firm’s 50 day moving average price is $65.48 and its 200-day moving average price is $64.25.
Institutional Investors Weigh In On Sabine Royalty Trust
Several institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its stake in Sabine Royalty Trust by 9.5% in the fourth quarter. Morgan Stanley now owns 71,085 shares of the energy company’s stock valued at $6,074,000 after acquiring an additional 6,190 shares in the last quarter. Chilton Capital Management LLC boosted its stake in Sabine Royalty Trust by 1.3% in the first quarter. Chilton Capital Management LLC now owns 50,753 shares of the energy company’s stock valued at $3,654,000 after acquiring an additional 645 shares in the last quarter. Bank of America Corp DE boosted its stake in Sabine Royalty Trust by 1.8% in the fourth quarter. Bank of America Corp DE now owns 45,064 shares of the energy company’s stock valued at $3,851,000 after acquiring an additional 794 shares in the last quarter. Citadel Advisors LLC boosted its stake in Sabine Royalty Trust by 129.3% in the second quarter. Citadel Advisors LLC now owns 40,743 shares of the energy company’s stock valued at $2,480,000 after acquiring an additional 22,977 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Sabine Royalty Trust by 98.6% in the first quarter. Ameriprise Financial Inc. now owns 21,900 shares of the energy company’s stock valued at $1,238,000 after acquiring an additional 10,873 shares in the last quarter. 12.97% of the stock is currently owned by institutional investors and hedge funds.
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.
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