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

Sabine Royalty Trust (NYSE:SBR)’s stock price reached a new 52-week low 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.

Analysts Set New Price Targets

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

Sabine Royalty Trust Stock Performance

The company has a market cap of $935.54 million, a PE ratio of 14.23 and a beta of 0.30. The business’s 50-day moving average is $71.45 and its 200 day moving average is $73.24.

Sabine Royalty Trust (NYSE:SBR) last issued its 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 company had revenue of $19.72 million during the quarter.

Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a $0.3604 dividend. The ex-dividend date is Monday, November 16th. This is an increase 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 is presently 94.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sabine Royalty Trust in the first quarter worth $774,000. Independent Financial Group LLC bought a new stake in Sabine Royalty Trust during the 1st quarter valued at $765,000. Ashton Thomas Private Wealth LLC boosted its position in Sabine Royalty Trust by 11.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 84,383 shares of the energy company’s stock valued at $5,835,000 after buying an additional 8,805 shares during the period. Lazard Asset Management LLC boosted its position in Sabine Royalty Trust by 9.8% during the 1st quarter. Lazard Asset Management LLC now owns 17,289 shares of the energy company’s stock valued at $1,303,000 after buying an additional 1,542 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Sabine Royalty Trust by 3.9% in the 1st quarter. Cetera Investment Advisers now owns 6,757 shares of the energy company’s stock worth $509,000 after acquiring an additional 254 shares during the last quarter. 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.