Sabine Royalty Trust (NYSE:SBR) Sees Large Volume Increase – Here’s Why

Sabine Royalty Trust (NYSE:SBR) saw unusually-high trading volume on Thursday . Approximately 117,482 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 39,282 shares.The stock last traded at $64.94 and had previously closed at $66.53.

Wall Street Analysts Forecast Growth

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

Sabine Royalty Trust Stock Down 2.9 %

The business’s 50-day simple moving average is $66.36 and its two-hundred day simple moving average is $63.77. The firm has a market capitalization of $941.80 million, a price-to-earnings ratio of 9.95 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) 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 Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.4395 per share. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.27 annualized dividend and a yield of 8.16%. The ex-dividend date is Tuesday, February 18th. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 81.20%.

Institutional Investors Weigh In On Sabine Royalty Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Signature Resources Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at approximately $39,000. Campbell Capital Management Inc. purchased a new stake in shares of Sabine Royalty Trust during the 4th quarter worth $52,000. JPMorgan Chase & Co. grew its stake in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after purchasing an additional 456 shares during the period. BankPlus Trust Department purchased a new position in shares of Sabine Royalty Trust in the 4th quarter valued at about $91,000. Finally, Virtus ETF Advisers LLC lifted its stake in shares of Sabine Royalty Trust by 14.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company’s stock valued at $189,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 15.81% of the company’s stock.

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.