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

StockNews.com upgraded shares of Sabine Royalty Trust (NYSE:SBR) from a hold rating to a buy rating in a research note published on Saturday morning.

Sabine Royalty Trust Stock Performance

Shares of SBR stock opened at $66.32 on Friday. The firm has a market capitalization of $966.95 million, a price-to-earnings ratio of 10.22 and a beta of 0.48. Sabine Royalty Trust has a one year low of $57.73 and a one year high of $69.50. The company has a 50 day moving average price of $64.58 and a 200 day moving average price of $63.04.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Tuesday, November 12th. The energy company reported $1.31 EPS for the quarter. The business had revenue of $19.93 million during the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a dividend of $0.4483 per share. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date is Wednesday, January 15th. This represents a $5.38 annualized dividend and a dividend yield of 8.11%. Sabine Royalty Trust’s payout ratio is presently 82.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SBR. Howard Financial Services LTD. raised its stake in shares of Sabine Royalty Trust by 160.8% during the third quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock valued at $4,158,000 after purchasing an additional 41,618 shares during the period. State Street Corp lifted its stake in shares of Sabine Royalty Trust by 3.8% in the third quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after acquiring an additional 239 shares in the last quarter. American National Bank & Trust boosted its holdings in Sabine Royalty Trust by 1.3% in the third quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock valued at $2,265,000 after purchasing an additional 483 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Sabine Royalty Trust during the 3rd quarter valued at approximately $230,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Sabine Royalty Trust in the second quarter worth $323,000. 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.