Sabine Royalty Trust (NYSE:SBR) downgraded by

Sabine Royalty Trust (NYSE:SBR – Get a Rating) was downgraded by from a “buy” rating to a “hold” rating in a note released Friday to investors.

Shares of SBR traded at $0.61 during Friday trading hours, hitting $55.35. 47,286 shares of the company were traded, against an average volume of 89,477. The company has a fifty-day simple moving average of $52.62 and a 200-day simple moving average of $45.81. Sabine Royalty Trust has a 52 week low of $29.60 and a 52 week high of $63.97. The stock has a market capitalization of $807.00 million, a price/earnings ratio of 19.77 and a beta of 0.53.

A number of institutional investors have recently increased or reduced their stake in SBR. Thrivent Financial for Lutherans bought a new position in Sabine Royalty Trust in Q4 valued at approximately $1,018,000. Koshinski Asset Management Inc. bought a new stock position in Sabine Royalty Trust during Q3 valued at $945,000. Moors & Cabot Inc. increased its position in shares of Sabine Royalty Trust by 256.6% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the energy company valued at $25,000 after buying an additional 17,990 shares last quarter. US Global Investors Inc. increased its holdings of Sabine Royalty Trust shares by 300.0% during the third quarter. US Global Investors Inc. now owns 20,000 shares of the energy company worth $857,000 after acquiring 15,000 more shares in the last quarter. Finally, Citadel Advisors LLC increased its shareholding in Sabine Royalty Trust shares by 108.0% during the 4th quarter. Citadel Advisors LLC now owns 23,575 shares of the energy company worth $983,000 after acquiring 12,243 additional shares in the last quarter.

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About Sabine Royalty Trust (Get an evaluation)

Sabine Royalty Trust owns royalties and mineral interests in various oil and gas producing properties in the United States. Its mining royalties and interests include landowner’s royalties, overriding royalty interests, minerals, production payments and other similar non-participating interests in certain undeveloped and proven oil and gas properties located in Florida, Louisiana, in Mississippi, New Mexico, Oklahoma and Texas. .

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