Virtu Financial LLC acquired a new position in shares of Sabine Royalty Trust (NYSE:SBR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,942 shares of the energy company’s stock, valued at approximately $265,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Perritt Capital Management Inc. purchased a new position in Sabine Royalty Trust during the fourth quarter worth about $200,000. Clarus Wealth Advisors purchased a new position in Sabine Royalty Trust during the fourth quarter worth about $210,000. Cetera Advisors LLC purchased a new position in Sabine Royalty Trust during the fourth quarter worth about $216,000. Susquehanna International Group LLP boosted its stake in Sabine Royalty Trust by 45.5% during 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 period. Finally, Commonwealth Equity Services Inc boosted its stake in Sabine Royalty Trust by 17.2% during 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 period. Hedge funds and other institutional investors own 9.14% of the company’s stock.
SBR stock traded down $0.35 during mid-day trading on Friday, hitting $43.15. 13,982 shares of the company were exchanged, compared to its average volume of 18,564. The firm has a market cap of $629.08, a PE ratio of 19.01 and a beta of 0.16. Sabine Royalty Trust has a 12-month low of $35.80 and a 12-month high of $50.00.
The business also recently announced a monthly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be paid a dividend of $0.2793 per share. This represents a $3.35 annualized dividend and a yield of 7.77%. The ex-dividend date is Friday, April 13th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.21.
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Sabine Royalty Trust 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.
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