Sabine Royalty Trust (NYSE:SBR) Stock Crosses Below 200 Day Moving Average of $63.55

Sabine Royalty Trust (NYSE:SBR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $63.55 and traded as low as $60.00. Sabine Royalty Trust shares last traded at $60.21, with a volume of 50,959 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 12th.

Sabine Royalty Trust Stock Up 3.9 %

The company’s 50 day moving average is $62.23 and its 200-day moving average is $63.52.

Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Thursday, August 8th. The energy company reported $1.51 EPS for the quarter. The company had revenue of $22.78 million during the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.4213 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.06 annualized dividend and a dividend yield of 8.18%. The ex-dividend date is Monday, September 16th. Sabine Royalty Trust’s payout ratio is currently 87.85%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Holderness Investments Co. acquired a new position in Sabine Royalty Trust in the 4th quarter valued at $406,000. Burford Brothers Inc. bought a new position in Sabine Royalty Trust during the fourth quarter worth about $677,000. Creekmur Asset Management LLC acquired a new stake in Sabine Royalty Trust in the 4th quarter worth about $147,000. American National Bank boosted its holdings in Sabine Royalty Trust by 0.6% in the 1st quarter. American National Bank now owns 36,185 shares of the energy company’s stock valued at $2,301,000 after purchasing an additional 200 shares during the period. Finally, Howard Financial Services LTD. boosted its holdings in Sabine Royalty Trust by 0.7% in the 1st quarter. Howard Financial Services LTD. now owns 25,745 shares of the energy company’s stock valued at $1,627,000 after purchasing an additional 182 shares during the period. 15.81% of the stock is owned by 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.