Sabine Royalty Trust (NYSE:SBR) Rating Increased to Buy at StockNews.com

Sabine Royalty Trust (NYSE:SBR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Sabine Royalty Trust Price Performance

SBR opened at $61.89 on Wednesday. The stock has a fifty day moving average price of $61.40 and a 200 day moving average price of $62.99. Sabine Royalty Trust has a 1 year low of $57.73 and a 1 year high of $72.50.

Institutional Trading of Sabine Royalty Trust

A number of institutional investors have recently added to or reduced their stakes in SBR. Horizon Kinetics Asset Management LLC increased its stake in shares of Sabine Royalty Trust by 0.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock worth $6,200,000 after purchasing an additional 710 shares during the last quarter. Howard Financial Services LTD. increased its position in Sabine Royalty Trust by 160.8% during the third 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 during the last quarter. Commonwealth Equity Services LLC raised its holdings in Sabine Royalty Trust by 77.1% during the second quarter. Commonwealth Equity Services LLC now owns 38,820 shares of the energy company’s stock valued at $2,511,000 after buying an additional 16,902 shares in the last quarter. American National Bank & Trust lifted its position in shares of Sabine Royalty Trust by 1.3% in the third quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock worth $2,265,000 after buying an additional 483 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in shares of Sabine Royalty Trust by 12.1% during the 3rd quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock worth $1,762,000 after acquiring an additional 3,070 shares in the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

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.