Exencial Wealth Advisors LLC Sells 4,507 Shares of Sabine Royalty Trust (SBR)

Exencial Wealth Advisors LLC lowered its position in shares of Sabine Royalty Trust (NYSE:SBR) by 29.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,856 shares of the energy company’s stock after selling 4,507 shares during the period. Exencial Wealth Advisors LLC owned 0.07% of Sabine Royalty Trust worth $443,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its position in shares of Sabine Royalty Trust by 4,811.9% during the second quarter. Acrospire Investment Management LLC now owns 2,898 shares of the energy company’s stock worth $112,000 after acquiring an additional 2,839 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Sabine Royalty Trust by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,556 shares of the energy company’s stock valued at $177,000 after buying an additional 88 shares in the last quarter. Tradition Capital Management LLC bought a new position in Sabine Royalty Trust in the 3rd quarter valued at about $204,000. Aull & Monroe Investment Management Corp bought a new position in Sabine Royalty Trust in the 3rd quarter valued at about $208,000. Finally, GSA Capital Partners LLP bought a new position in Sabine Royalty Trust in the 2nd quarter valued at about $205,000. Institutional investors and hedge funds own 8.20% of the company’s stock.

Shares of Sabine Royalty Trust (NYSE SBR) traded down $0.30 on Monday, reaching $42.35. 9,600 shares of the company were exchanged, compared to its average volume of 20,393. The company has a market cap of $617.43, a price-to-earnings ratio of 18.66 and a beta of 0.22. Sabine Royalty Trust has a 12-month low of $33.45 and a 12-month high of $43.75.

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a $0.157 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Tuesday, November 14th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is currently 83.26%.

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Sabine Royalty Trust Company 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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Institutional Ownership by Quarter for Sabine Royalty Trust (NYSE:SBR)

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