Sabine Royalty Trust (NYSE:SBR) Upgraded by StockNews.com to “Buy” Rating

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

Sabine Royalty Trust Trading Down 0.1 %

Shares of NYSE SBR opened at $65.58 on Friday. Sabine Royalty Trust has a 12-month low of $57.73 and a 12-month high of $69.50. The firm’s 50-day moving average price is $64.58 and its 200-day moving average price is $63.04. The stock has a market capitalization of $956.14 million, a price-to-earnings ratio of 10.10 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $1.31 earnings per share (EPS) for the quarter. The business 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 announced a monthly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.4483 per share. This represents a $5.38 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Wednesday, January 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s payout ratio is 82.90%.

Hedge Funds Weigh In On Sabine Royalty Trust

Several hedge funds have recently bought and sold shares of SBR. Horizon Kinetics Asset Management LLC increased its stake in Sabine Royalty Trust by 0.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock worth $6,200,000 after buying an additional 710 shares during the period. Howard Financial Services LTD. boosted its holdings in shares of Sabine Royalty Trust by 14.6% in the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock valued at $5,012,000 after purchasing an additional 9,840 shares during the period. American National Bank & Trust grew its stake 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 worth $2,265,000 after purchasing an additional 483 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Sabine Royalty Trust by 12.1% during the 3rd quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock worth $1,762,000 after purchasing an additional 3,070 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in Sabine Royalty Trust by 491.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 27,614 shares of the energy company’s stock valued at $1,702,000 after purchasing an additional 22,949 shares in the last quarter. 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.