Sabine Royalty Trust (NYSE:SBR) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Sabine Royalty Trust (NYSE:SBR) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $68.80 and traded as low as $68.51. Sabine Royalty Trust shares last traded at $69.00, with a volume of 56,379 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Sabine Royalty Trust in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Sabine Royalty Trust Price Performance

The stock has a 50-day simple moving average of $73.95 and a 200-day simple moving average of $68.80. The stock has a market cap of $1.01 billion, a PE ratio of 13.69 and a beta of 0.27.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings results on Friday, August 8th. The energy company reported $1.22 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a return on equity of 866.81% and a net margin of 94.85%.The firm had revenue of $18.70 million during the quarter.

Sabine Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.3689 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Wednesday, October 15th. Sabine Royalty Trust’s payout ratio is 87.90%.

Institutional Investors Weigh In On Sabine Royalty Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Virtus Investment Advisers LLC lifted its stake in shares of Sabine Royalty Trust by 7.2% during the second quarter. Virtus Investment Advisers LLC now owns 2,593 shares of the energy company’s stock worth $173,000 after purchasing an additional 175 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Sabine Royalty Trust by 1.5% during the second quarter. Capital Investment Advisors LLC now owns 12,653 shares of the energy company’s stock worth $841,000 after purchasing an additional 193 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sabine Royalty Trust by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company’s stock worth $268,000 after purchasing an additional 200 shares in the last quarter. Carnegie Investment Counsel lifted its stake in shares of Sabine Royalty Trust by 2.8% during the second quarter. Carnegie Investment Counsel now owns 7,507 shares of the energy company’s stock worth $501,000 after purchasing an additional 207 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Sabine Royalty Trust by 0.8% during the first quarter. Concurrent Investment Advisors LLC now owns 28,424 shares of the energy company’s stock worth $1,918,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 15.81% of the company’s stock.

About Sabine Royalty Trust

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.