Sabine Royalty Trust (NYSE:SBR) Stock Passes Below 200-Day Moving Average – Time to Sell?

Sabine Royalty Trust (NYSE:SBR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $63.35 and traded as low as $59.96. Sabine Royalty Trust shares last traded at $60.28, with a volume of 46,629 shares trading hands.

Analyst Upgrades and Downgrades

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

Sabine Royalty Trust Stock Down 0.7 %

The stock’s fifty day moving average price is $62.05 and its 200-day moving average price is $63.35.

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

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.4358 per share. The ex-dividend date is Tuesday, October 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.23 annualized dividend and a yield of 8.68%. Sabine Royalty Trust’s payout ratio is currently 85.46%.

Institutional Trading of Sabine Royalty Trust

Large investors have recently bought and sold shares of the company. Howard Financial Services LTD. boosted its position in shares of Sabine Royalty Trust by 160.8% in the 3rd quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock worth $4,158,000 after buying an additional 41,618 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sabine Royalty Trust in the first quarter valued at about $11,173,000. Commonwealth Equity Services LLC lifted its holdings in shares of Sabine Royalty Trust by 5.0% in the first quarter. Commonwealth Equity Services LLC now owns 21,918 shares of the energy company’s stock valued at $1,394,000 after purchasing an additional 1,049 shares in the last quarter. American National Bank & Trust increased its stake in shares of Sabine Royalty Trust by 1.3% during the 3rd quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock worth $2,265,000 after purchasing an additional 483 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in shares of Sabine Royalty Trust during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds 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.