Sabine Royalty Trust (NYSE:SBR) Upgraded to Buy at StockNews.com

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

Sabine Royalty Trust Stock Down 0.0 %

NYSE SBR opened at $62.44 on Monday. The firm has a market capitalization of $910.31 million, a PE ratio of 10.84 and a beta of 0.48. The stock’s 50 day moving average is $64.11 and its 200 day moving average is $63.34. Sabine Royalty Trust has a twelve month low of $55.60 and a twelve month high of $72.50.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a $0.451 dividend. This represents a $5.41 annualized dividend and a dividend yield of 8.67%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.38. The ex-dividend date is Thursday, August 15th. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 93.92%.

Institutional Trading of Sabine Royalty Trust

A number of hedge funds have recently made changes to their positions in the stock. Olistico Wealth LLC purchased a new position in Sabine Royalty Trust in the second quarter worth about $28,000. Family Firm Inc. purchased a new position in Sabine Royalty Trust in the 2nd quarter worth approximately $48,000. Creekmur Asset Management LLC bought a new position in Sabine Royalty Trust in the 4th quarter valued at approximately $147,000. Islay Capital Management LLC boosted its stake in Sabine Royalty Trust by 16.7% during the 4th quarter. Islay Capital Management LLC now owns 3,500 shares of the energy company’s stock valued at $237,000 after purchasing an additional 500 shares during the last quarter. Finally, TCG Advisory Services LLC bought a new stake in shares of Sabine Royalty Trust in the 4th quarter worth $296,000. 15.81% of the stock is owned by institutional investors.

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.