Sabine Royalty Trust (NYSE:SBR) Sets New 52-Week High – Still a Buy?

Sabine Royalty Trust (NYSE:SBR) hit a new 52-week high during trading on Wednesday . The company traded as high as $69.50 and last traded at $69.49, with a volume of 14990 shares. The stock had previously closed at $68.64.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, February 10th.

Sabine Royalty Trust Stock Up 1.0 %

The business’s fifty day moving average is $65.71 and its 200-day moving average is $63.43. The stock has a market capitalization of $1.01 billion, a PE ratio of 10.68 and a beta of 0.48.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.4395 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.27 annualized dividend and a yield of 7.61%. Sabine Royalty Trust’s dividend payout ratio is currently 82.90%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter worth about $39,000. Campbell Capital Management Inc. acquired a new stake in Sabine Royalty Trust during the 4th quarter valued at $52,000. JPMorgan Chase & Co. lifted its holdings in Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after buying an additional 456 shares in the last quarter. BankPlus Trust Department purchased a new position in Sabine Royalty Trust in the 4th quarter valued at about $91,000. Finally, Virtus ETF Advisers LLC boosted its position in Sabine Royalty Trust by 14.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company’s stock valued at $189,000 after buying an additional 359 shares during the last quarter. 15.81% of the stock is owned by institutional investors and hedge funds.

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.