Sabine Royalty Trust (NYSE:SBR) Sets New 1-Year Low – Time to Sell?

Sabine Royalty Trust (NYSE:SBR)’s stock price reached a new 52-week low during mid-day trading on Friday. The company traded as low as $65.06 and last traded at $65.4730, with a volume of 43,442 shares changing hands. The stock had previously closed at $65.86.

Analyst Ratings Changes

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

Sabine Royalty Trust Price Performance

The company has a market capitalization of $954.53 million, a price-to-earnings ratio of 14.52 and a beta of 0.30. The stock has a 50 day moving average price of $72.31 and a two-hundred day moving average price of $73.33.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Friday, November 6th. The energy company reported $1.31 earnings per share (EPS) for the quarter. The business had revenue of $19.72 million for the quarter. Sabine Royalty Trust had a net margin of 94.90% and a return on equity of 961.80%.

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. This represents a $4.32 annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, November 16th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.3554. Sabine Royalty Trust’s dividend payout ratio is 95.79%.

Hedge Funds Weigh In On Sabine Royalty Trust

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in Sabine Royalty Trust by 74,170.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,427 shares of the energy company’s stock worth $514,000 after buying an additional 7,417 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Sabine Royalty Trust by 11.7% in 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 last quarter. MADDEN SECURITIES Corp acquired a new stake in shares of Sabine Royalty Trust in the 3rd quarter valued at $35,000. Capital Analysts LLC increased its stake in shares of Sabine Royalty Trust by 1.2% in the 2nd quarter. Capital Analysts LLC now owns 31,020 shares of the energy company’s stock valued at $2,270,000 after buying an additional 380 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Sabine Royalty Trust by 9.8% in 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. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a grantor trust formed in 1982 to own and administer royalty and mineral interests in oil and natural gas properties. The trust does not explore for, develop, or operate wells; instead, it receives royalty payments and other proceeds generated from production on properties in which it holds interests.

Its interests are located primarily across several U.S. states, including Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Revenue generally depends on the volume of oil and natural gas produced from the underlying properties, commodity prices, and the operating activity of the companies that develop and manage those properties.

Sabine Royalty Trust is listed on the New York Stock Exchange under the symbol SBR.