Sabine Royalty Trust (NYSE:SBR) Upgraded at StockNews.com

StockNews.com upgraded shares of Sabine Royalty Trust (NYSE:SBR) from a hold rating to a buy rating in a research note issued to investors on Monday.

Sabine Royalty Trust Stock Down 1.2 %

Shares of NYSE:SBR opened at $67.35 on Monday. Sabine Royalty Trust has a twelve month low of $58.60 and a twelve month high of $69.50. The stock’s 50 day moving average is $65.50 and its 200-day moving average is $63.29. The firm has a market capitalization of $982.02 million, a price-to-earnings ratio of 10.38 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Tuesday, November 12th. The energy company reported $1.31 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%. The company had revenue of $19.93 million for the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.4395 per share. The ex-dividend date is Tuesday, February 18th. This represents a $5.27 annualized dividend and a yield of 7.83%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is 82.90%.

Institutional Investors Weigh In On Sabine Royalty Trust

Several institutional investors have recently bought and sold shares of the stock. Horizon Kinetics Asset Management LLC grew its holdings in Sabine Royalty Trust by 9.5% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company’s stock worth $7,124,000 after buying an additional 9,553 shares in the last quarter. TrueMark Investments LLC grew its holdings in Sabine Royalty Trust by 547.0% during the fourth quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company’s stock worth $5,723,000 after buying an additional 74,655 shares in the last quarter. Howard Financial Services LTD. grew its holdings in Sabine Royalty Trust by 14.6% during the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock worth $5,012,000 after buying an additional 9,840 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sabine Royalty Trust during the fourth quarter worth $1,920,000. Finally, Blue Trust Inc. grew its holdings in Sabine Royalty Trust by 15.4% during the fourth quarter. Blue Trust Inc. now owns 28,842 shares of the energy company’s stock worth $1,869,000 after buying an additional 3,850 shares in the last quarter. Institutional investors own 15.81% of the company’s stock.

About Sabine Royalty Trust

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.