News headlines about Sabine Royalty Trust (NYSE:SBR) have trended somewhat positive on Saturday, according to AlphaOne. The research firm, a division of Accern, identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sabine Royalty Trust earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also gave media stories about the energy company an impact score of 89 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near term.
Separately, TheStreet raised Sabine Royalty Trust from a “c” rating to a “b-” rating in a research report on Monday, May 22nd.
Shares of Sabine Royalty Trust (NYSE:SBR) remained flat at $37.15 during trading on Friday. 29,350 shares of the company’s stock were exchanged. The company’s 50-day moving average is $37.63 and its 200 day moving average is $36.96. The company has a market cap of $541.61 million, a P/E ratio of 17.41 and a beta of 0.26. Sabine Royalty Trust has a 12-month low of $32.22 and a 12-month high of $40.99.
The business also recently announced a monthly dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be paid a dividend of $0.213 per share. This represents a $2.56 annualized dividend and a yield of 6.88%. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, June 13th. Sabine Royalty Trust’s payout ratio is presently 119.72%.
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Sabine Royalty Trust Company Profile
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any 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.
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