Sabine Royalty Trust (NYSE:SBR) Stock Passes Below 200-Day Moving Average – What’s Next?

Sabine Royalty Trust (NYSE:SBR)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $73.64 and traded as low as $70.11. Sabine Royalty Trust shares last traded at $70.7450, with a volume of 46,441 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sabine Royalty Trust in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Sabine Royalty Trust has an average rating of “Hold”.

Sabine Royalty Trust Trading Up 2.6%

The company has a market capitalization of $1.06 billion, a PE ratio of 15.48 and a beta of 0.21. The stock’s fifty day moving average is $73.68 and its two-hundred day moving average is $73.63.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Friday, August 7th. The energy company reported $1.43 earnings per share (EPS) for the quarter. The business had revenue of $21.79 million during the quarter. Sabine Royalty Trust had a net margin of 94.73% and a return on equity of 959.48%.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.6194 per share. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Monday, August 17th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.43. Sabine Royalty Trust’s dividend payout ratio (DPR) is 109.81%.

Hedge Funds Weigh In On Sabine Royalty Trust

Several institutional investors have recently bought and sold shares of SBR. Americana Partners LLC raised its stake in shares of Sabine Royalty Trust by 2.1% in the fourth quarter. Americana Partners LLC now owns 269,933 shares of the energy company’s stock valued at $18,509,000 after buying an additional 5,529 shares during the period. Prospera Financial Services Inc grew its stake in shares of Sabine Royalty Trust by 173.9% during the 4th quarter. Prospera Financial Services Inc now owns 158,609 shares of the energy company’s stock worth $10,876,000 after acquiring an additional 100,691 shares during the period. Beacon Pointe Advisors LLC grew its stake in shares of Sabine Royalty Trust by 0.9% during the 4th quarter. Beacon Pointe Advisors LLC now owns 86,389 shares of the energy company’s stock worth $5,924,000 after acquiring an additional 805 shares during the period. Two Sigma Investments LP increased its holdings in Sabine Royalty Trust by 31.0% in the 3rd quarter. Two Sigma Investments LP now owns 73,515 shares of the energy company’s stock worth $5,842,000 after acquiring an additional 17,385 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Sabine Royalty Trust by 40.5% in the 3rd quarter. Bank of America Corp DE now owns 40,023 shares of the energy company’s stock worth $3,180,000 after acquiring an additional 11,527 shares during the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

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.