Sabine Royalty Trust (NYSE:SBR) Sees Strong Trading Volume - Should You Buy?

Shares of Sabine Royalty Trust (NYSE:SBR - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 117,482 shares were traded during trading, an increase of 199% from the previous session's volume of 39,282 shares.The stock last traded at $64.94 and had previously closed at $66.53.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research report on Monday, February 10th.

Sabine Royalty Trust Stock Performance

The firm has a market cap of $934.51 million, a price-to-earnings ratio of 9.88 and a beta of 0.48. The business's 50-day moving average is $66.48 and its 200-day moving average is $63.83.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The firm had revenue of $19.55 million during the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.

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Sabine Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.4395 dividend. This represents a $5.27 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Sabine Royalty Trust's previous monthly dividend of $0.14. Sabine Royalty Trust's dividend payout ratio (DPR) is presently 96.52%.

Institutional Investors Weigh In On Sabine Royalty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its position in Sabine Royalty Trust by 1,683.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company's stock valued at $306,000 after acquiring an additional 4,462 shares in the last quarter. State Street Corp grew its position in shares of Sabine Royalty Trust by 3.8% during the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company's stock worth $402,000 after buying an additional 239 shares during the period. JPMorgan Chase & Co. grew its position in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company's stock worth $64,000 after buying an additional 456 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Sabine Royalty Trust during the 3rd quarter worth approximately $230,000. Finally, Blue Trust Inc. grew its position in shares of Sabine Royalty Trust by 15.4% during the 4th quarter. Blue Trust Inc. now owns 28,842 shares of the energy company's stock worth $1,869,000 after buying an additional 3,850 shares during the period. Institutional investors and hedge funds 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.