Sabine Royalty Trust (NYSE:SBR) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Sabine Royalty Trust (NYSE:SBR) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Sabine Royalty Trust Stock Up 0.8 %

SBR opened at $66.83 on Friday. Sabine Royalty Trust has a 12-month low of $57.73 and a 12-month high of $69.50. The firm’s fifty day moving average price is $64.22 and its 200 day moving average price is $63.00.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $0.4483 dividend. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.38 annualized dividend and a yield of 8.05%. The ex-dividend date of this dividend is Wednesday, January 15th. Sabine Royalty Trust’s payout ratio is currently 57.47%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust during the 4th quarter valued at approximately $39,000. JPMorgan Chase & Co. increased its stake in Sabine Royalty Trust by 79.7% during the third quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after purchasing an additional 456 shares during the last quarter. Captrust Financial Advisors bought a new stake in Sabine Royalty Trust during the third quarter valued at $230,000. M.E. Allison & CO. Inc. acquired a new stake in shares of Sabine Royalty Trust during the fourth quarter worth $259,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Sabine Royalty Trust by 733.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company’s stock worth $309,000 after buying an additional 4,400 shares during the last quarter. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Company Profile

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.