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

Sabine Royalty Trust (NYSE:SBR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $73.47 and traded as low as $72.41. Sabine Royalty Trust shares last traded at $72.82, with a volume of 45,970 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sabine Royalty Trust in a report on Tuesday, June 2nd. One 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 Stock Down 0.4%

The stock has a 50 day moving average price of $74.24 and a 200 day moving average price of $73.47. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.53 and a beta of 0.21.

Sabine Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were issued a $0.4292 dividend. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Wednesday, July 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is 109.81%.

Institutional Investors Weigh In On Sabine Royalty Trust

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Sabine Royalty Trust by 282.4% during the third quarter. JPMorgan Chase & Co. now owns 15,362 shares of the energy company’s stock valued at $1,221,000 after acquiring an additional 11,345 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of Sabine Royalty Trust by 173.9% in the fourth quarter. Prospera Financial Services Inc now owns 158,609 shares of the energy company’s stock worth $10,876,000 after purchasing an additional 100,691 shares during the last quarter. Clare Market Investments LLC bought a new stake in shares of Sabine Royalty Trust in the first quarter worth $1,644,000. Savant Capital LLC acquired a new stake in Sabine Royalty Trust in the fourth quarter valued at $820,000. Finally, Independent Financial Group LLC bought a new position in Sabine Royalty Trust during the 1st quarter worth $765,000. 15.81% of the stock is owned by institutional investors.

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.