Shares of Sabine Royalty Trust (NYSE:SBR - Get Free Report) crossed 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 traded.
Sabine Royalty Trust Stock Up 2.5%
The firm has a market cap of $987.58 million, a price-to-earnings ratio of 12.71 and a beta of 0.27. The company's 50-day moving average price is $66.31 and its 200-day moving average price is $66.13.
Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 95.36% and a return on equity of 904.22%. The business had revenue of $19.40 million for the quarter.
Sabine Royalty Trust Increases Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th were issued a dividend of $0.3459 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This is an increase from Sabine Royalty Trust's previous dividend of $0.14. This represents a yield of 633.0%. Sabine Royalty Trust's dividend payout ratio is 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. Beacon Pointe Advisors LLC increased its holdings in shares of Sabine Royalty Trust by 289.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock valued at $12,191,000 after acquiring an additional 139,836 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Sabine Royalty Trust in the 2nd quarter valued at $2,346,000. SCS Capital Management LLC acquired a new position in Sabine Royalty Trust in the 1st quarter valued at $2,106,000. Raymond James Financial Inc. acquired a new position in Sabine Royalty Trust in the 4th quarter valued at $1,920,000. Finally, Jane Street Group LLC acquired a new position in Sabine Royalty Trust in the 1st quarter valued at $772,000. Institutional investors and hedge funds own 15.81% of the company's stock.
About Sabine Royalty Trust
(
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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.
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