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

Sabine Royalty Trust (NYSE:SBR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $72.45 and traded as low as $71.20. Sabine Royalty Trust shares last traded at $73.75, with a volume of 42,704 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sabine Royalty Trust presently has a consensus rating of “Hold”.

Sabine Royalty Trust Trading Up 0.9%

The company has a market capitalization of $1.07 billion, a PE ratio of 13.55 and a beta of 0.28. The stock’s 50-day moving average is $69.93 and its two-hundred day moving average is $72.48.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.2862 dividend. The ex-dividend date is Monday, March 16th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.28. This represents a c) dividend on an annualized basis and a yield of 4.7%. Sabine Royalty Trust’s payout ratio is 62.62%.

Institutional Inflows and Outflows

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

About Sabine Royalty Trust

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.