Sabine Royalty Trust (NYSE:SBR) Shares Gap Down – Time to Sell?

Sabine Royalty Trust (NYSE:SBR) shares gapped down before the market opened on Friday . The stock had previously closed at $78.20, but opened at $74.50. Sabine Royalty Trust shares last traded at $75.15, with a volume of 2,800 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sabine Royalty Trust has an average rating of “Hold”.

Sabine Royalty Trust Stock Down 0.1%

The company has a 50-day moving average price of $75.96 and a two-hundred day moving average price of $73.09. The stock has a market capitalization of $1.09 billion, a P/E ratio of 16.01 and a beta of 0.21.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a $0.503 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.50. The ex-dividend date is Monday, June 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 127.29%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SBR. Olistico Wealth LLC bought a new position in shares of Sabine Royalty Trust in the fourth quarter worth approximately $29,000. WealthCollab LLC increased its position in shares of Sabine Royalty Trust by 124.1% in the fourth quarter. WealthCollab LLC now owns 437 shares of the energy company’s stock worth $30,000 after purchasing an additional 242 shares during the last quarter. Allworth Financial LP increased its position in shares of Sabine Royalty Trust by 51.8% in the third quarter. Allworth Financial LP now owns 586 shares of the energy company’s stock worth $47,000 after purchasing an additional 200 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Sabine Royalty Trust by 79.2% in the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock worth $47,000 after purchasing an additional 313 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Sabine Royalty Trust by 85.6% in the third quarter. Fifth Third Bancorp now owns 659 shares of the energy company’s stock worth $52,000 after purchasing an additional 304 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.