Sabine Royalty Trust (NYSE:SBR) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Sabine Royalty Trust (NYSE:SBR - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $64.56 and traded as low as $64.54. Sabine Royalty Trust shares last traded at $65.00, with a volume of 18,923 shares traded.

Wall Street Analyst Weigh In

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

Sabine Royalty Trust Stock Up 1.8 %

The company has a market cap of $970.10 million, a price-to-earnings ratio of 10.25 and a beta of 0.25. The firm has a 50 day moving average price of $65.84 and a two-hundred day moving average price of $64.67.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The business 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%.

Sabine Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be issued a $0.5039 dividend. This is a positive change from Sabine Royalty Trust's previous monthly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $6.05 annualized dividend and a yield of 9.09%. Sabine Royalty Trust's payout ratio is presently 110.62%.

Institutional Trading of Sabine Royalty Trust

A number of large investors have recently bought and sold shares of the business. Beacon Pointe Advisors LLC grew its position in shares of Sabine Royalty Trust by 289.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock worth $12,191,000 after buying an additional 139,836 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in Sabine Royalty Trust by 9.5% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company's stock worth $7,124,000 after purchasing an additional 9,553 shares during the period. TrueMark Investments LLC increased its stake in Sabine Royalty Trust by 547.0% in the fourth quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company's stock valued at $5,723,000 after purchasing an additional 74,655 shares in the last quarter. Howard Financial Services LTD. raised its holdings in shares of Sabine Royalty Trust by 14.6% during the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company's stock valued at $5,012,000 after purchasing an additional 9,840 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Sabine Royalty Trust during the 4th quarter worth about $1,920,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.

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.