Sabine Royalty Trust (NYSE:SBR – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Sunday.
Sabine Royalty Trust Trading Up 1.2 %
Shares of NYSE:SBR opened at $74.96 on Friday. The firm has a 50 day simple moving average of $75.80 and a 200-day simple moving average of $79.92. Sabine Royalty Trust has a twelve month low of $54.29 and a twelve month high of $91.10. The company has a market capitalization of $1.09 billion, a PE ratio of 8.90 and a beta of 0.54.
Institutional Investors Weigh In On Sabine Royalty Trust
Several large investors have recently modified their holdings of SBR. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Sabine Royalty Trust by 3.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,334 shares of the energy company’s stock worth $26,176,000 after buying an additional 10,608 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of Sabine Royalty Trust by 4.3% during the third quarter. King Luther Capital Management Corp now owns 155,408 shares of the energy company’s stock worth $11,046,000 after purchasing an additional 6,453 shares during the last quarter. Morgan Stanley raised its stake in shares of Sabine Royalty Trust by 9.5% during the fourth quarter. Morgan Stanley now owns 71,085 shares of the energy company’s stock worth $6,074,000 after purchasing an additional 6,190 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in shares of Sabine Royalty Trust by 2.6% during the fourth quarter. Chilton Capital Management LLC now owns 50,108 shares of the energy company’s stock worth $4,270,000 after purchasing an additional 1,282 shares during the period. Finally, Bank of America Corp DE grew its position in Sabine Royalty Trust by 1.8% in the 4th quarter. Bank of America Corp DE now owns 45,064 shares of the energy company’s stock valued at $3,851,000 after buying an additional 794 shares during the last quarter. 12.42% of the stock is owned by institutional investors and hedge funds.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust is an express trust, which engages in the provision of Sabine Corporation’s royalty and mineral interests. It includes landowner’s royalties, overriding royalty interests, minerals, production payments, and any other similar, non-participatory interest, in certain producing, and proved undeveloped oil and gas properties.
Further Reading
- Get a free copy of the StockNews.com research report on Sabine Royalty Trust (SBR)
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