Arrowstreet Capital Limited Partnership bought a new stake in Sabine Royalty Trust (NYSE:SBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,173 shares of the energy company’s stock, valued at approximately $320,000.
Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in Sabine Royalty Trust by 1.4% in the second quarter. State Street Corp now owns 10,240 shares of the energy company’s stock worth $397,000 after buying an additional 140 shares during the last quarter. Commonwealth Equity Services Inc lifted its position in Sabine Royalty Trust by 17.2% in the third quarter. Commonwealth Equity Services Inc now owns 8,678 shares of the energy company’s stock worth $354,000 after buying an additional 1,276 shares during the last quarter. Susquehanna International Group LLP lifted its position in Sabine Royalty Trust by 45.5% in the third quarter. Susquehanna International Group LLP now owns 8,000 shares of the energy company’s stock worth $329,000 after buying an additional 2,500 shares during the last quarter. Perritt Capital Management Inc. bought a new stake in Sabine Royalty Trust in the fourth quarter worth $200,000. Finally, Clarus Wealth Advisors bought a new stake in Sabine Royalty Trust in the fourth quarter worth $210,000. 9.14% of the stock is owned by hedge funds and other institutional investors.
SBR traded down $0.35 during trading on Friday, reaching $43.15. The company had a trading volume of 13,982 shares, compared to its average volume of 18,564. The company has a market cap of $634.20, a PE ratio of 19.16 and a beta of 0.16. Sabine Royalty Trust has a 52 week low of $35.80 and a 52 week high of $50.00.
The business also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be given a $0.2793 dividend. The ex-dividend date is Friday, April 13th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.21. This represents a $3.35 dividend on an annualized basis and a yield of 7.77%.
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About Sabine Royalty Trust
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.
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