Sabine Royalty Trust (NYSE:SBR – Get Free Report) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid 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 yield of 8.12%. The ex-dividend date of this dividend is Wednesday, February 14th.
Sabine Royalty Trust Price Performance
Shares of NYSE SBR opened at $62.00 on Monday. Sabine Royalty Trust has a 1 year low of $55.60 and a 1 year high of $85.95. The stock has a market cap of $903.96 million, a P/E ratio of 10.10 and a beta of 0.52. The firm has a 50-day moving average of $65.48 and a 200 day moving average of $64.25.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of SBR. Raymond James & Associates raised its holdings in Sabine Royalty Trust by 33.7% in the first quarter. Raymond James & Associates now owns 20,285 shares of the energy company’s stock worth $1,171,000 after buying an additional 5,108 shares during the last quarter. HighTower Advisors LLC raised its holdings in Sabine Royalty Trust by 56.4% in the first quarter. HighTower Advisors LLC now owns 9,020 shares of the energy company’s stock worth $521,000 after buying an additional 3,254 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in Sabine Royalty Trust in the first quarter worth about $284,000. Moors & Cabot Inc. raised its holdings in Sabine Royalty Trust by 7.1% in the first quarter. Moors & Cabot Inc. now owns 9,080 shares of the energy company’s stock worth $524,000 after buying an additional 600 shares during the last quarter. Finally, UBS Group AG raised its holdings in Sabine Royalty Trust by 7.8% in the first quarter. UBS Group AG now owns 17,071 shares of the energy company’s stock worth $986,000 after buying an additional 1,232 shares during the last quarter. 12.97% of the stock is owned by hedge funds and other institutional investors.
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.
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