Weiss Ratings Reaffirms Hold (C+) Rating for Sabine Royalty Trust (NYSE:SBR)

Key Points

• Weiss Ratings has reaffirmed a "hold (C+)" rating for Sabine Royalty Trust (NYSE:SBR) in a recent research report.
• Sabine Royalty Trust's stock opened at $70.61, with a fifty-two week range between $58.25 and $84.39, indicating stable performance within that period.
• Recent institutional investments in Sabine Royalty Trust have significantly increased, with hedge funds and institutional investors owning 15.81% of the company's stock.

Sabine Royalty Trust (NYSE:SBR - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Sabine Royalty Trust Stock Performance

Shares of SBR opened at $70.61 on Wednesday. The stock has a market cap of $1.03 billion, a PE ratio of 14.01 and a beta of 0.27. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $84.39. The firm's 50-day simple moving average is $74.08 and its two-hundred day simple moving average is $68.68.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The energy company reported $1.22 earnings per share for the quarter. The business had revenue of $18.70 million for the quarter. Sabine Royalty Trust had a net margin of 94.85% and a return on equity of 866.81%.

Institutional Investors Weigh In On Sabine Royalty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of SBR. GAMMA Investing LLC grew its holdings in shares of Sabine Royalty Trust by 6,666.7% during the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock valued at $27,000 after buying an additional 400 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Sabine Royalty Trust by 79.2% during the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company's stock valued at $47,000 after buying an additional 313 shares during the last quarter. Quaker Wealth Management LLC grew its holdings in shares of Sabine Royalty Trust by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 1,000 shares of the energy company's stock valued at $66,000 after buying an additional 2,000 shares during the last quarter. Virtus Investment Advisers LLC grew its holdings in shares of Sabine Royalty Trust by 7.2% during the second quarter. Virtus Investment Advisers LLC now owns 2,593 shares of the energy company's stock valued at $173,000 after buying an additional 175 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Sabine Royalty Trust during the first quarter valued at approximately $207,000. Hedge funds and other 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.

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