Sabine Royalty Trust (NYSE:SBR) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Sabine Royalty Trust (NYSE:SBR) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $74.39 and traded as low as $71.91. Sabine Royalty Trust shares last traded at $72.44, with a volume of 26,218 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Sabine Royalty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Sabine Royalty Trust presently has a consensus rating of “Buy”.

Sabine Royalty Trust Price Performance

The company’s 50-day moving average price is $73.41 and its 200-day moving average price is $74.37. The company has a market cap of $1.05 billion, a P/E ratio of 14.65 and a beta of 0.22.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Friday, August 7th. The energy company reported $1.43 EPS for the quarter. The business had revenue of $21.79 million for the quarter. Sabine Royalty Trust had a net margin of 94.90% and a return on equity of 961.80%.

Sabine Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.3317 dividend. This represents a $3.98 dividend on an annualized basis and a dividend yield of 5.5%. This is a negative change from Sabine Royalty Trust’s previous monthly dividend of $0.6194. The ex-dividend date is Tuesday, September 15th. Sabine Royalty Trust’s dividend payout ratio is presently 81.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. SHP Wealth Management acquired a new stake in Sabine Royalty Trust in the 4th quarter valued at approximately $56,000. Fifth Third Bancorp boosted its position in Sabine Royalty Trust by 55.2% during the 1st quarter. Fifth Third Bancorp now owns 1,282 shares of the energy company’s stock worth $97,000 after acquiring an additional 456 shares during the last quarter. Artesa Financial Group LLC bought a new position in shares of Sabine Royalty Trust during the 1st quarter worth approximately $214,000. Azzad Asset Management Inc. ADV bought a new position in shares of Sabine Royalty Trust during the 1st quarter worth approximately $223,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at approximately $336,000. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust (NYSE:SBR) is a grantor trust that owns royalty and mineral interests in a portfolio of oil and natural gas properties in the United States. The trust does not drill wells or directly operate producing properties. Instead, independent exploration and production companies develop and operate the properties, with the trust receiving a portion of the resulting production revenues.

The trust’s interests are located primarily in Texas, Louisiana, Oklahoma, New Mexico, Mississippi and Florida.