Goodwin Daniel L held its stake in shares of Sabine Royalty Trust (NYSE:SBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,450 shares of the energy company’s stock at the end of the second quarter. Goodwin Daniel L’s holdings in Sabine Royalty Trust were worth $250,000 at the end of the most recent quarter.
Separately, Greylin Investment Mangement Inc. purchased a new stake in shares of Sabine Royalty Trust during the second quarter worth $1,120,000. 8.50% of the stock is currently owned by institutional investors.
Sabine Royalty Trust (NYSE:SBR) opened at 38.80 on Thursday. The stock has a market capitalization of $565.67 million, a P/E ratio of 18.18 and a beta of 0.25. Sabine Royalty Trust has a 52 week low of $33.46 and a 52 week high of $40.55. The company’s 50-day moving average price is $39.11 and its 200 day moving average price is $37.71.
Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings data on Wednesday, August 9th. The energy company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $8.58 million for the quarter. Sabine Royalty Trust had a return on equity of 695.91% and a net margin of 93.10%.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.2167 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Friday, August 11th. This represents a $2.60 annualized dividend and a dividend yield of 6.70%. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 114.54%.
COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://stocknewstimes.com/2017/08/17/goodwin-daniel-l-continues-to-hold-stake-in-sabine-royalty-trust-sbr-updated-updated.html.
SBR has been the subject of a number of research analyst reports. TheStreet raised Sabine Royalty Trust from a “c” rating to a “b-” rating in a research report on Monday, May 22nd. BidaskClub lowered Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any 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.
Receive News & Ratings for Sabine Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabine Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
