Sabine Royalty Trust (NYSE:SBR) Shares Pass Below 200-Day Moving Average – Should You Sell?

Sabine Royalty Trust (NYSE:SBR) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $73.47 and traded as low as $72.41. Sabine Royalty Trust shares last traded at $72.82, with a volume of 45,970 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sabine Royalty Trust in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Sabine Royalty Trust Trading Up 0.5%

The stock has a market cap of $1.06 billion, a P/E ratio of 15.57 and a beta of 0.21. The business’s 50 day moving average price is $74.15 and its two-hundred day moving average price is $73.51.

Sabine Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid a $0.4292 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Wednesday, July 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 109.81%.

Institutional Investors Weigh In On Sabine Royalty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBR. WealthCollab LLC boosted its holdings in shares of Sabine Royalty Trust by 124.1% during the 4th quarter. WealthCollab LLC now owns 437 shares of the energy company’s stock valued at $30,000 after buying an additional 242 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Sabine Royalty Trust by 79.2% during the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock valued at $47,000 after purchasing an additional 313 shares in the last quarter. SHP Wealth Management purchased a new position in shares of Sabine Royalty Trust during the fourth quarter valued at approximately $56,000. Fifth Third Bancorp lifted its holdings in shares of Sabine Royalty Trust by 25.3% during the fourth quarter. Fifth Third Bancorp now owns 826 shares of the energy company’s stock valued at $57,000 after purchasing an additional 167 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Sabine Royalty Trust by 3,831.8% in the 4th quarter. Farther Finance Advisors LLC now owns 865 shares of the energy company’s stock worth $59,000 after purchasing an additional 843 shares in the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

About Sabine Royalty Trust

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.