Sabine Royalty Trust (NYSE:SBR) Shares Pass Above 50-Day Moving Average - Time to Sell?

Sabine Royalty Trust (NYSE:SBR - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $65.39 and traded as high as $66.64. Sabine Royalty Trust shares last traded at $65.95, with a volume of 39,010 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research note on Monday, February 10th.

Sabine Royalty Trust Trading Down 0.3%

The firm has a market cap of $965.28 million, a PE ratio of 10.20 and a beta of 0.29. The stock has a fifty day simple moving average of $65.44 and a two-hundred day simple moving average of $65.38.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last issued its earnings results 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 1,088.44% and a net margin of 96.72%. The business had revenue of $19.40 million during the quarter.

Sabine Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a $0.4478 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $5.37 dividend on an annualized basis and a yield of 8.12%. Sabine Royalty Trust's dividend payout ratio (DPR) is 100.75%.

Institutional Investors Weigh In On Sabine Royalty Trust

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in Sabine Royalty Trust by 6,666.7% in the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Campbell Capital Management Inc. bought a new position in shares of Sabine Royalty Trust during the 4th quarter valued at approximately $52,000. JPMorgan Chase & Co. grew its position in Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company's stock valued at $64,000 after acquiring an additional 456 shares during the last quarter. BankPlus Trust Department bought a new position in shares of Sabine Royalty Trust during the 4th quarter worth $91,000. Finally, Virtus ETF Advisers LLC boosted its position in Sabine Royalty Trust by 14.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock valued at $189,000 after purchasing an additional 359 shares in the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

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.