Sabine Royalty Trust (NYSE:SBR) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Sabine Royalty Trust (NYSE:SBR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $64.56 and traded as low as $64.54. Sabine Royalty Trust shares last traded at $65.00, with a volume of 18,923 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 10th.

Sabine Royalty Trust Stock Up 1.7 %

The company has a market cap of $963.89 million, a price-to-earnings ratio of 10.19 and a beta of 0.25. The business has a fifty day simple moving average of $65.95 and a 200 day simple moving average of $64.59.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The firm had revenue of $19.55 million during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.5039 per share. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.05 annualized dividend and a yield of 9.15%. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 110.62%.

Institutional Trading of Sabine Royalty Trust

A number of large investors have recently made changes to their positions in SBR. Geneos Wealth Management Inc. increased its position in Sabine Royalty Trust by 1,683.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock worth $306,000 after purchasing an additional 4,462 shares in the last quarter. State Street Corp raised its stake in shares of Sabine Royalty Trust by 3.8% in the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock valued at $402,000 after acquiring an additional 239 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after acquiring an additional 456 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Sabine Royalty Trust during the 4th quarter worth $1,920,000. Finally, Horizon Kinetics Asset Management LLC increased its holdings in Sabine Royalty Trust by 9.5% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company’s stock valued at $7,124,000 after purchasing an additional 9,553 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

Sabine Royalty Trust Company Profile

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.