2,173 Shares in Sabine Royalty Trust (NYSE:SBR) Purchased by Creekmur Asset Management LLC

Creekmur Asset Management LLC acquired a new position in Sabine Royalty Trust (NYSE:SBR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,173 shares of the energy company’s stock, valued at approximately $147,000.

Other large investors also recently bought and sold shares of the company. Significant Wealth Partners LLC purchased a new position in Sabine Royalty Trust in the fourth quarter worth about $2,647,000. HighTower Advisors LLC boosted its position in Sabine Royalty Trust by 40.9% in the third quarter. HighTower Advisors LLC now owns 9,947 shares of the energy company’s stock worth $654,000 after purchasing an additional 2,887 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in Sabine Royalty Trust by 39.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 33,085 shares of the energy company’s stock worth $2,240,000 after purchasing an additional 9,305 shares during the last quarter. Islay Capital Management LLC boosted its position in Sabine Royalty Trust by 16.7% in the fourth quarter. Islay Capital Management LLC now owns 3,500 shares of the energy company’s stock worth $237,000 after purchasing an additional 500 shares during the last quarter. Finally, Fielder Capital Group LLC purchased a new position in Sabine Royalty Trust in the fourth quarter worth about $796,000. 15.81% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Stock Down 0.4 %

NYSE:SBR traded down $0.29 on Friday, hitting $65.44. The stock had a trading volume of 34,612 shares, compared to its average volume of 30,457. The stock has a market cap of $954.12 million, a price-to-earnings ratio of 11.36 and a beta of 0.50. The business’s 50-day simple moving average is $64.33 and its two-hundred day simple moving average is $64.10. Sabine Royalty Trust has a 52-week low of $55.60 and a 52-week high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Thursday, May 9th. The energy company reported $1.37 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 1,059.92% and a net margin of 96.22%. The firm had revenue of $20.76 million for the quarter.

Sabine Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be given a dividend of $0.538 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $6.46 dividend on an annualized basis and a dividend yield of 9.87%. Sabine Royalty Trust’s payout ratio is currently 124.48%.

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.