Sabine Royalty Trust (NYSE:SBR) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Sabine Royalty Trust (NYSE:SBR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $72.32 and traded as low as $70.08. Sabine Royalty Trust shares last traded at $71.3360, with a volume of 56,656 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Sabine Royalty Trust in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Sabine Royalty Trust Stock Down 1.3%

The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.92 and a beta of 0.29. The business has a 50-day moving average price of $69.13 and a 200-day moving average price of $72.35.

Sabine Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.2834 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, February 17th. Sabine Royalty Trust’s payout ratio is presently 62.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SBR. Olistico Wealth LLC acquired a new position in Sabine Royalty Trust in the 4th quarter worth approximately $29,000. WealthCollab LLC lifted its holdings in shares of Sabine Royalty Trust by 124.1% in the fourth quarter. WealthCollab LLC now owns 437 shares of the energy company’s stock valued at $30,000 after purchasing an additional 242 shares in the last quarter. Allworth Financial LP boosted its position in shares of Sabine Royalty Trust by 51.8% in the third quarter. Allworth Financial LP now owns 586 shares of the energy company’s stock worth $47,000 after buying an additional 200 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Sabine Royalty Trust by 79.2% in the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock worth $47,000 after buying an additional 313 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Sabine Royalty Trust by 85.6% during the third quarter. Fifth Third Bancorp now owns 659 shares of the energy company’s stock valued at $52,000 after buying an additional 304 shares in the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.