PFG Investments LLC Makes New Investment in Sabine Royalty Trust $SBR

PFG Investments LLC purchased a new position in shares of Sabine Royalty Trust (NYSE:SBR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,898 shares of the energy company's stock, valued at approximately $260,000.Get Sabine Royalty Trust alerts:Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Sabine Royalty Trust by 6,666.7% during the 1st quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Sabine Royalty Trust during the 1st quarter worth approximately $262,000. Moody National Bank Trust Division acquired a new stake in shares of Sabine Royalty Trust during the 2nd quarter worth approximately $2,346,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Sabine Royalty Trust during the 1st quarter worth approximately $474,000. Finally, SCS Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust during the 1st quarter worth approximately $2,106,000. Institutional investors and hedge funds own 15.81% of the company's stock. Sabine Royalty Trust Stock PerformanceSBR stock opened at $75.33 on Monday. The company has a fifty day moving average price of $73.74 and a 200-day moving average price of $68.59. The company has a market capitalization of $1.10 billion, a P/E ratio of 14.95 and a beta of 0.27. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $84.39. Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The energy company reported $1.22 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 94.85% and a return on equity of 866.81%. The firm had revenue of $18.70 million during the quarter. Sabine Royalty Trust Cuts DividendThe company also recently announced a monthly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.3689 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Wednesday, October 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is currently 139.09%. Analyst Upgrades and DowngradesSeparately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Sabine Royalty Trust in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".Check Out Our Latest Analysis on SBRAbout Sabine Royalty Trust (Free Report)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.Further ReadingFive stocks we like better than Sabine Royalty TrustProfitably Trade Stocks at 52-Week Highs3 Defense Stocks Surging as Ukraine Tensions DeepenMost active stocks: Dollar volume vs share volumeStarbucks Stock Slumps; This Competitor Shows StrengthWhy Special Dividends Can be a Delightful Surprise for Income InvestorsThe Trade Desk: 2 Signs of a Comeback, 1 Risk AheadThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sabine Royalty Trust Right Now?Before you consider Sabine Royalty Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sabine Royalty Trust wasn't on the list.While Sabine Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here