Shares of 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 $66.14 and traded as low as $66.05. Sabine Royalty Trust shares last traded at $66.36, with a volume of 22,414 shares.
Sabine Royalty Trust Trading Down 0.3%
The stock has a market capitalization of $967.53 million, a PE ratio of 12.45 and a beta of 0.28. The stock has a 50 day moving average price of $66.31 and a 200-day moving average price of $66.14.
Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. The business had revenue of $19.40 million for the quarter. Sabine Royalty Trust had a return on equity of 904.22% and a net margin of 95.36%.
Sabine Royalty Trust Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, July 29th. Investors of record on Wednesday, July 16th were given a dividend of $0.3459 per share. This represents a yield of 633.0%. This is a positive change from Sabine Royalty Trust's previous dividend of $0.14. The ex-dividend date was Tuesday, July 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is presently 77.86%.
Institutional Trading of Sabine Royalty Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBR. GAMMA Investing LLC boosted its stake in shares of Sabine Royalty Trust by 6,666.7% during the 1st quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Sabine Royalty Trust during the fourth quarter valued at about $1,920,000. Clare Market Investments LLC increased its position in Sabine Royalty Trust by 19.3% in the first quarter. Clare Market Investments LLC now owns 27,793 shares of the energy company's stock worth $1,881,000 after buying an additional 4,500 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of Sabine Royalty Trust by 289.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock worth $12,191,000 after buying an additional 139,836 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Sabine Royalty Trust by 5.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock worth $268,000 after buying an additional 200 shares during the period. 15.81% of the stock is owned by hedge funds and other institutional investors.
Sabine Royalty Trust Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sabine Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sabine Royalty Trust wasn't on the list.
While Sabine Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
