Huntington National Bank acquired a new position in Sabine Royalty Trust (NYSE:SBR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 600 shares of the energy company’s stock, valued at approximately $29,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in Sabine Royalty Trust during the 1st quarter valued at about $26,000. Bridgecreek Investment Management LLC purchased a new stake in Sabine Royalty Trust during the 1st quarter valued at about $209,000. Oxbow Advisors LLC purchased a new stake in Sabine Royalty Trust during the 1st quarter valued at about $218,000. Tradition Capital Management LLC purchased a new stake in Sabine Royalty Trust during the 1st quarter valued at about $232,000. Finally, Aull & Monroe Investment Management Corp purchased a new stake in Sabine Royalty Trust during the 1st quarter valued at about $238,000. Institutional investors and hedge funds own 9.45% of the company’s stock.
Shares of SBR stock opened at $45.07 on Friday. Sabine Royalty Trust has a one year low of $30.27 and a one year high of $52.59. The company’s 50-day moving average price is $47.16. The stock has a market cap of $657.12 million, a P/E ratio of 12.81 and a beta of 0.53.
The business also recently declared a monthly dividend, which was paid on Monday, July 29th. Stockholders of record on Monday, July 15th were issued a dividend of $0.176 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Friday, July 12th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14.
Sabine Royalty Trust Profile
Sabine Royalty Trust holds royalty and mineral interests in various 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.
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