Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 9,700 shares, a growth of 31.1% from the September 15th total of 7,400 shares. Based on an average daily trading volume, of 37,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Sabine Royalty Trust Price Performance

Shares of SBR stock traded down $1.15 on Tuesday, reaching $61.34. 41,743 shares of the company’s stock were exchanged, compared to its average volume of 36,271. The company’s fifty day simple moving average is $62.08 and its 200 day simple moving average is $63.55. Sabine Royalty Trust has a 52 week low of $55.60 and a 52 week high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. The firm had revenue of $22.78 million during the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.4358 per share. The ex-dividend date is Tuesday, October 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.23 dividend on an annualized basis and a dividend yield of 8.53%. Sabine Royalty Trust’s dividend payout ratio (DPR) is 82.68%.

Institutional Trading of Sabine Royalty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sabine Royalty Trust during the 1st quarter worth $11,173,000. Howard Financial Services LTD. increased its stake in shares of Sabine Royalty Trust by 160.8% during the third quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock valued at $4,158,000 after buying an additional 41,618 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Sabine Royalty Trust by 77.1% during the second quarter. Commonwealth Equity Services LLC now owns 38,820 shares of the energy company’s stock valued at $2,511,000 after buying an additional 16,902 shares during the period. American National Bank & Trust raised its holdings in shares of 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 valued at $2,265,000 after acquiring an additional 483 shares in the last quarter. Finally, American National Bank grew its holdings in Sabine Royalty Trust by 0.6% during the 1st quarter. American National Bank now owns 36,185 shares of the energy company’s stock worth $2,301,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 15.81% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

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.