Moors & Cabot Inc. Buys 201 Shares of Sabine Royalty Trust (NYSE:SBR)

Moors & Cabot Inc. boosted its stake in shares of Sabine Royalty Trust (NYSE:SBR) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,998 shares of the energy company’s stock after purchasing an additional 201 shares during the quarter. Moors & Cabot Inc. owned about 0.16% of Sabine Royalty Trust worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Olistico Wealth LLC bought a new stake in Sabine Royalty Trust during the second quarter valued at about $28,000. Family Firm Inc. purchased a new position in shares of Sabine Royalty Trust in the 2nd quarter valued at approximately $48,000. Creekmur Asset Management LLC acquired a new stake in Sabine Royalty Trust in the 4th quarter worth approximately $147,000. Concurrent Investment Advisors LLC acquired a new stake in Sabine Royalty Trust in the 2nd quarter worth approximately $302,000. Finally, Holderness Investments Co. purchased a new stake in Sabine Royalty Trust during the 4th quarter worth approximately $406,000. Institutional investors own 15.81% of the company’s stock.

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, August 12th.

Sabine Royalty Trust Stock Performance

Sabine Royalty Trust stock opened at $60.30 on Wednesday. Sabine Royalty Trust has a fifty-two week low of $55.60 and a fifty-two week high of $72.50. The company has a market cap of $879.11 million, a PE ratio of 10.47 and a beta of 0.47. The business’s 50-day simple moving average is $62.80 and its two-hundred day simple moving average is $63.56.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, August 8th. The energy company reported $1.51 EPS for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%. The firm had revenue of $22.78 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.4213 per share. This represents a $5.06 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is 87.67%.

Sabine Royalty Trust 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.