Sabine Royalty Trust (NYSE:SBR) Shares Sold by State of Wyoming

State of Wyoming lessened its stake in Sabine Royalty Trust (NYSE:SBR) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,216 shares of the energy company’s stock after selling 1,093 shares during the period. State of Wyoming’s holdings in Sabine Royalty Trust were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Signature Resources Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust in the 4th quarter valued at about $39,000. Campbell Capital Management Inc. purchased a new stake in Sabine Royalty Trust in the fourth quarter valued at approximately $52,000. JPMorgan Chase & Co. boosted its holdings in shares of Sabine Royalty Trust by 79.7% in the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after acquiring an additional 456 shares during the period. BankPlus Trust Department purchased a new position in shares of Sabine Royalty Trust during the fourth quarter worth approximately $91,000. Finally, Virtus ETF Advisers LLC increased its holdings in shares of Sabine Royalty Trust by 14.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company’s stock valued at $189,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Performance

Shares of SBR opened at $65.95 on Tuesday. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $70.20. The firm has a 50-day simple moving average of $65.39 and a 200-day simple moving average of $65.25. The company has a market capitalization of $961.49 million, a price-to-earnings ratio of 10.16 and a beta of 0.29.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 earnings per share for the quarter. The company had revenue of $19.40 million during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.4478 per share. This represents a $5.37 annualized dividend and a dividend yield of 8.15%. The ex-dividend date is Thursday, May 15th. Sabine Royalty Trust’s dividend payout ratio is presently 100.75%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

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.