Philip James Wealth Mangement LLC Purchases Shares of 5,302 Sabine Royalty Trust (NYSE:SBR)

Philip James Wealth Mangement LLC acquired a new stake in Sabine Royalty Trust (NYSE:SBR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,302 shares of the energy company’s stock, valued at approximately $327,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SBR. Olistico Wealth LLC purchased a new stake in Sabine Royalty Trust during the second quarter valued at about $28,000. Family Firm Inc. bought a new stake in Sabine Royalty Trust in the second quarter valued at approximately $48,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Sabine Royalty Trust during the second quarter valued at approximately $302,000. Hsbc Holdings PLC bought a new position in shares of Sabine Royalty Trust in the second quarter worth approximately $323,000. Finally, TrueMark Investments LLC purchased a new position in shares of Sabine Royalty Trust in the second quarter worth $1,107,000. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Price Performance

Shares of SBR stock traded up $0.23 during trading hours on Friday, reaching $62.54. The company’s stock had a trading volume of 861 shares, compared to its average volume of 36,168. The firm’s fifty day simple moving average is $61.40 and its 200 day simple moving average is $62.98. Sabine Royalty Trust has a one year low of $57.52 and a one year high of $72.50.

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

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.5144 per share. The ex-dividend date is Friday, November 15th. This represents a $6.17 annualized dividend and a dividend yield of 9.87%. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.44. Sabine Royalty Trust’s payout ratio is currently 85.46%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, August 12th.

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.