Sabine Royalty Trust (NYSE:SBR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Sabine Royalty Trust (NYSE:SBR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $72.32 and traded as low as $70.08. Sabine Royalty Trust shares last traded at $71.3360, with a volume of 56,656 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Sabine Royalty Trust has an average rating of “Hold”.

Sabine Royalty Trust Stock Performance

The company has a fifty day simple moving average of $69.11 and a 200 day simple moving average of $72.32. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.14 and a beta of 0.29.

Sabine Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.2834 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, February 17th. Sabine Royalty Trust’s payout ratio is presently 62.62%.

Institutional Trading of Sabine Royalty Trust

Several hedge funds have recently modified their holdings of SBR. Mercer Global Advisors Inc. ADV grew its holdings in Sabine Royalty Trust by 2.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,025 shares of the energy company’s stock worth $1,030,000 after purchasing an additional 418 shares during the period. Beacon Pointe Advisors LLC increased its position in Sabine Royalty Trust by 0.9% in the 4th quarter. Beacon Pointe Advisors LLC now owns 86,389 shares of the energy company’s stock valued at $5,924,000 after buying an additional 805 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Sabine Royalty Trust during the 4th quarter worth approximately $67,000. Lazard Asset Management LLC bought a new position in Sabine Royalty Trust in the fourth quarter worth approximately $1,080,000. Finally, &PARTNERS acquired a new stake in Sabine Royalty Trust in the fourth quarter valued at approximately $962,000. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Company Profile

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.