Sabine Royalty Trust (NYSE:SBR) Shares Gap Down - Should You Sell?

Key Points

• Sabine Royalty Trust shares opened lower, falling from a prior close of $75.02 to $72.80 before last trading near $73.20.
• Weiss Ratings upgraded the trust from “hold” to “buy,” and MarketBeat reports an overall “Buy” rating from the available analyst coverage.
• The trust reported quarterly revenue of $21.79 million and EPS of $1.43, while announcing a monthly dividend of $0.3317 per share, representing an annualized yield of approximately 5.5%.

Shares of Sabine Royalty Trust (NYSE:SBR - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $75.02, but opened at $72.80. Sabine Royalty Trust shares last traded at $73.1990, with a volume of 531 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Sabine Royalty Trust from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy".

Sabine Royalty Trust Trading Up 0.3%

The business has a 50 day simple moving average of $73.52 and a two-hundred day simple moving average of $74.41. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 14.90 and a beta of 0.22.

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

Sabine Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.3317 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.5%. Sabine Royalty Trust's dividend payout ratio (DPR) is presently 81.22%.

Hedge Funds Weigh In On Sabine Royalty Trust

Several large investors have recently added to or reduced their stakes in the company. Capital Analysts LLC increased its stake in Sabine Royalty Trust by 1.2% during the second quarter. Capital Analysts LLC now owns 31,020 shares of the energy company's stock valued at $2,270,000 after purchasing an additional 380 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Sabine Royalty Trust by 9.8% in the first quarter. Lazard Asset Management LLC now owns 17,289 shares of the energy company's stock valued at $1,303,000 after acquiring an additional 1,542 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Sabine Royalty Trust in the first quarter valued at approximately $774,000. State of Wyoming grew its holdings in shares of Sabine Royalty Trust by 117.1% during the first quarter. State of Wyoming now owns 5,807 shares of the energy company's stock valued at $437,000 after purchasing an additional 3,132 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Sabine Royalty Trust by 3.9% during the 1st quarter. Cetera Investment Advisers now owns 6,757 shares of the energy company's stock worth $509,000 after purchasing an additional 254 shares during the period. 15.81% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Company Profile

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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