Sabine Royalty Trust (NYSE:SBR) Share Price Crosses Below 200-Day Moving Average - Here's Why

Sabine Royalty Trust (NYSE:SBR - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.10 and traded as low as $65.30. Sabine Royalty Trust shares last traded at $66.13, with a volume of 21,369 shares changing hands.

Sabine Royalty Trust Trading Up 0.5%

The company has a market capitalization of $967.77 million, a P/E ratio of 12.46 and a beta of 0.28. The stock's fifty day moving average is $66.27 and its 200 day moving average is $66.11.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last posted its earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 95.36% and a return on equity of 904.22%. The company had revenue of $19.40 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, July 29th. Investors of record on Wednesday, July 16th will be issued a dividend of $0.3459 per share. This represents a dividend yield of 6.33%. The ex-dividend date is Tuesday, July 15th. This is an increase from Sabine Royalty Trust's previous dividend of $0.14. Sabine Royalty Trust's dividend payout ratio is currently 77.86%.

Institutional Trading of Sabine Royalty Trust

Several large investors have recently added to or reduced their stakes in SBR. Raymond James Financial Inc. bought a new stake in shares of Sabine Royalty Trust during the fourth quarter valued at approximately $1,920,000. Commonwealth Equity Services LLC boosted its holdings in shares of Sabine Royalty Trust by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,038 shares of the energy company's stock valued at $1,558,000 after buying an additional 511 shares in the last quarter. Islay Capital Management LLC grew its position in shares of Sabine Royalty Trust by 14.3% in the 4th quarter. Islay Capital Management LLC now owns 4,000 shares of the energy company's stock worth $259,000 after buying an additional 500 shares during the period. Rahlfs Capital LLC bought a new position in shares of Sabine Royalty Trust in the 4th quarter worth about $770,000. Finally, Stifel Financial Corp increased its stake in shares of Sabine Royalty Trust by 1.8% in the 4th quarter. Stifel Financial Corp now owns 15,391 shares of the energy company's stock worth $998,000 after acquiring an additional 269 shares in the last quarter. Institutional investors own 15.81% of the company's stock.

Sabine Royalty Trust Company Profile

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.