Sabine Royalty Trust (NYSE:SBR) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Sabine Royalty Trust (NYSE:SBR) from a hold rating to a buy rating in a research note published on Monday.

Sabine Royalty Trust Stock Performance

Shares of SBR opened at $67.35 on Monday. The business has a 50-day moving average of $65.50 and a 200 day moving average of $63.29. Sabine Royalty Trust has a fifty-two week low of $58.60 and a fifty-two week high of $69.50. The firm has a market cap of $982.02 million, a P/E ratio of 10.38 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $1.31 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%. The company had revenue of $19.93 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.4395 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.27 annualized dividend and a yield of 7.83%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 82.90%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Signature Resources Capital Management LLC bought a new stake in shares of Sabine Royalty Trust during the 4th quarter valued at about $39,000. Campbell Capital Management Inc. bought a new stake in shares of Sabine Royalty Trust during the 4th quarter valued at about $52,000. JPMorgan Chase & Co. boosted its position in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after acquiring an additional 456 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Sabine Royalty Trust during the 4th quarter valued at about $91,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Sabine Royalty Trust by 153.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,324 shares of the energy company’s stock valued at $215,000 after acquiring an additional 2,010 shares during the last quarter. 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.