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

Sabine Royalty Trust (NYSE:SBR)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $64.56 and traded as low as $64.54. Sabine Royalty Trust shares last traded at $65.00, with a volume of 18,923 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

Sabine Royalty Trust Price Performance

The stock has a 50-day moving average price of $65.95 and a 200-day moving average price of $64.59. The firm has a market capitalization of $963.89 million, a PE ratio of 10.19 and a beta of 0.25.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. The company had revenue of $19.55 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a $0.5039 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.30. This represents a $6.05 annualized dividend and a dividend yield of 9.15%. Sabine Royalty Trust’s payout ratio is 110.62%.

Institutional Trading of Sabine Royalty Trust

Several hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Sabine Royalty Trust by 3.8% during the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock valued at $402,000 after purchasing an additional 239 shares during the period. JPMorgan Chase & Co. raised its position in Sabine Royalty Trust by 79.7% during the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after buying an additional 456 shares during the period. Sendero Wealth Management LLC acquired a new position in shares of Sabine Royalty Trust in the 4th quarter valued at about $838,000. Howard Financial Services LTD. lifted its position in Sabine Royalty Trust by 14.6% in the 4th quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock worth $5,012,000 after buying an additional 9,840 shares in the last quarter. Finally, M.E. Allison & CO. Inc. purchased a new stake in shares of Sabine Royalty Trust during the fourth quarter worth $259,000. 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.