Sabine Royalty Trust (NYSE:SBR) Rating Increased 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 Saturday.

Sabine Royalty Trust Price Performance

NYSE:SBR opened at $66.32 on Friday. Sabine Royalty Trust has a 12-month low of $57.73 and a 12-month high of $69.50. The firm has a market capitalization of $966.95 million, a P/E ratio of 10.22 and a beta of 0.48. The business has a 50 day simple moving average of $64.58 and a 200 day simple moving average of $63.04.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Tuesday, November 12th. The energy company reported $1.31 EPS for the quarter. The company had revenue of $19.93 million for 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 disclosed a monthly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a $0.4483 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $5.38 annualized dividend and a dividend yield of 8.11%. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s payout ratio is currently 82.90%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SBR. Howard Financial Services LTD. grew its holdings in shares of Sabine Royalty Trust by 160.8% in the 3rd quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock worth $4,158,000 after acquiring an additional 41,618 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Sabine Royalty Trust by 491.9% during the third quarter. Concurrent Investment Advisors LLC now owns 27,614 shares of the energy company’s stock valued at $1,702,000 after acquiring an additional 22,949 shares during the period. BWM Planning LLC purchased a new stake in shares of Sabine Royalty Trust in the 3rd quarter valued at approximately $1,331,000. Sendero Wealth Management LLC acquired a new position in Sabine Royalty Trust in the 4th quarter worth approximately $838,000. Finally, Philip James Wealth Mangement LLC purchased a new position in Sabine Royalty Trust during the 3rd quarter worth approximately $327,000. Institutional investors 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.