Sabine Royalty Trust (NYSE:SBR) Reaches New 1-Year Low – What’s Next?

Sabine Royalty Trust (NYSE:SBR)’s share price hit a new 52-week low during mid-day trading on Friday. The company traded as low as $63.65 and last traded at $64.1110, with a volume of 12,532 shares traded. The stock had previously closed at $64.31.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Sabine Royalty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Sabine Royalty Trust Price Performance

The company has a 50 day moving average of $71.45 and a 200-day moving average of $73.24. The company has a market cap of $935.54 million, a P/E ratio of 14.23 and a beta of 0.30.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings results on Friday, November 6th. The energy company reported $1.31 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 891.09% and a net margin of 94.62%. The firm had revenue of $19.72 million for the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.3604 per share. The ex-dividend date is Monday, November 16th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.3554. This represents a $4.32 annualized dividend and a yield of 6.7%. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 94.68%.

Institutional Trading of Sabine Royalty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. MADDEN SECURITIES Corp purchased a new position in Sabine Royalty Trust in the third quarter worth $35,000. Fifth Third Bancorp lifted its stake in Sabine Royalty Trust by 55.2% during the first quarter. Fifth Third Bancorp now owns 1,282 shares of the energy company’s stock worth $97,000 after purchasing an additional 456 shares during the last quarter. Private Advisor Group LLC bought a new stake in Sabine Royalty Trust during the third quarter worth about $261,000. State of Wyoming boosted its holdings in shares of Sabine Royalty Trust by 117.1% in the 1st quarter. State of Wyoming now owns 5,807 shares of the energy company’s stock worth $437,000 after purchasing an additional 3,132 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Sabine Royalty Trust by 46.8% in the 1st quarter. Kestra Advisory Services LLC now owns 6,221 shares of the energy company’s stock worth $469,000 after purchasing an additional 1,983 shares in the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a grantor trust established in 1982. It holds royalty interests in oil and natural gas properties and does not itself explore for or produce hydrocarbons. The trust’s interests cover producing and certain undeveloped properties in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas. Its income comes primarily from its share of revenues generated by oil and natural gas production from those properties. After paying trust expenses, Sabine Royalty Trust distributes available net proceeds to its unitholders.