Sabine Royalty Trust (NYSE:SBR) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Sabine Royalty Trust (NYSE:SBR - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research note on Monday, February 10th.

Sabine Royalty Trust Price Performance

The firm has a market cap of $961.49 million, a price-to-earnings ratio of 10.16 and a beta of 0.29. The firm has a 50 day moving average price of $65.39 and a 200-day moving average price of $65.25.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The energy company reported $1.24 EPS for the quarter. The business had revenue of $19.40 million during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.4478 dividend. The ex-dividend date is Thursday, May 15th. This represents a $5.37 dividend on an annualized basis and a yield of 8.15%. Sabine Royalty Trust's dividend payout ratio is presently 100.75%.

Institutional Investors Weigh In On Sabine Royalty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Beacon Pointe Advisors LLC increased its holdings in 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 valued at $12,191,000 after purchasing an additional 139,836 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in Sabine Royalty Trust by 9.5% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company's stock valued at $7,124,000 after purchasing an additional 9,553 shares during the last quarter. TrueMark Investments LLC increased its holdings in Sabine Royalty Trust by 547.0% in the fourth quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company's stock valued at $5,723,000 after purchasing an additional 74,655 shares during the last quarter. SCS Capital Management LLC bought a new stake in Sabine Royalty Trust in the first quarter valued at about $2,106,000. Finally, Raymond James Financial Inc. bought a new stake in Sabine Royalty Trust in the fourth quarter valued at about $1,920,000. Institutional investors own 15.81% of the company's stock.

About Sabine Royalty Trust

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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