Sabine Royalty Trust (NYSE:SBR - Get Free Report)'s share 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.
Sabine Royalty Trust Price Performance
The firm has a 50 day simple moving average of $66.27 and a 200-day simple moving average of $66.11. The stock has a market capitalization of $963.30 million, a price-to-earnings ratio of 12.40 and a beta of 0.28.
Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 904.22% and a net margin of 95.36%. The firm had revenue of $19.40 million during the quarter.
Sabine Royalty Trust Increases Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.3459 per share. This is a positive change from Sabine Royalty Trust's previous dividend of $0.14. This represents a yield of 6.33%. The ex-dividend date is Tuesday, July 15th. Sabine Royalty Trust's dividend payout ratio is currently 77.86%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. acquired a new stake in shares of Sabine Royalty Trust in the second quarter valued at $205,000. PFG Investments LLC acquired a new stake in shares of Sabine Royalty Trust in the second quarter valued at $260,000. Capital Investment Advisors LLC increased its stake in shares of Sabine Royalty Trust by 1.5% in the second quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company's stock valued at $841,000 after buying an additional 193 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Sabine Royalty Trust in the second quarter valued at $2,346,000. Finally, Jane Street Group LLC acquired a new stake in shares of Sabine Royalty Trust in the first quarter valued at $772,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.
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.
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