Atria Wealth Solutions Inc. Acquires Shares of 3,078 Sabine Royalty Trust $SBR

Atria Wealth Solutions Inc. acquired a new stake in Sabine Royalty Trust (NYSE:SBR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,078 shares of the energy company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBR. Capital Investment Advisors LLC raised its holdings in shares of Sabine Royalty Trust by 1.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company’s stock worth $841,000 after buying an additional 193 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Sabine Royalty Trust by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company’s stock worth $268,000 after acquiring an additional 200 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Sabine Royalty Trust by 0.8% during the first quarter. Concurrent Investment Advisors LLC now owns 28,424 shares of the energy company’s stock worth $1,918,000 after acquiring an additional 213 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Sabine Royalty Trust by 3.8% in the first quarter. HighTower Advisors LLC now owns 6,725 shares of the energy company’s stock worth $454,000 after acquiring an additional 246 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Sabine Royalty Trust by 6,666.7% in the 1st quarter. GAMMA Investing LLC now owns 406 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. 15.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sabine Royalty Trust in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sabine Royalty Trust Stock Up 0.2%

Shares of Sabine Royalty Trust stock opened at $69.00 on Thursday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 13.69 and a beta of 0.27. The company’s fifty day moving average is $73.95 and its 200 day moving average is $68.80. Sabine Royalty Trust has a twelve month low of $58.25 and a twelve month high of $84.39.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Friday, August 8th. The energy company reported $1.22 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 94.85% and a return on equity of 866.81%. The business had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a $0.3689 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Wednesday, October 15th. Sabine Royalty Trust’s payout ratio is presently 87.90%.

About Sabine Royalty Trust

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.