Sabine Royalty Trust (NYSE:SBR) Shares Break Below 200 Day Moving Average - Should You Sell?

Sabine Royalty Trust (NYSE:SBR - Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $74.39 and traded as low as $71.91. Sabine Royalty Trust shares last traded at $72.44, with a volume of 26,218 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Sabine Royalty Trust from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy".

Sabine Royalty Trust Price Performance

The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.78 and a beta of 0.22. The stock has a 50 day simple moving average of $73.43 and a two-hundred day simple moving average of $74.39.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The energy company reported $1.43 earnings per share (EPS) for the quarter. The firm had revenue of $21.79 million during the quarter. Sabine Royalty Trust had a return on equity of 961.80% and a net margin of 94.90%.

Sabine Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.3317 per share. The ex-dividend date is Tuesday, September 15th. This represents a $3.98 annualized dividend and a dividend yield of 5.5%. This is a drop from Sabine Royalty Trust's previous monthly dividend of $0.6194. Sabine Royalty Trust's payout ratio is presently 81.22%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SBR. Clare Market Investments LLC purchased a new position in Sabine Royalty Trust during the 1st quarter worth approximately $1,644,000. Savant Capital LLC purchased a new stake in Sabine Royalty Trust in the fourth quarter valued at approximately $820,000. Arrowstreet Capital Limited Partnership purchased a new stake in Sabine Royalty Trust in the first quarter valued at approximately $774,000. Independent Financial Group LLC acquired a new stake in shares of Sabine Royalty Trust in the first quarter valued at approximately $765,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at approximately $336,000. 15.81% of the stock is owned by hedge funds and other institutional investors.

About Sabine Royalty Trust

Sabine Royalty Trust NYSE: SBR is a grantor trust that owns royalty and mineral interests in a portfolio of oil and natural gas properties in the United States. The trust does not drill wells or directly operate producing properties. Instead, independent exploration and production companies develop and operate the properties, with the trust receiving a portion of the resulting production revenues.

The trust's interests are located primarily in Texas, Louisiana, Oklahoma, New Mexico, Mississippi and Florida.

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