Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 42,700 shares, a drop of 27.3% from the February 13th total of 58,700 shares. Based on an average daily volume of 46,700 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Sabine Royalty Trust Price Performance

SBR stock traded up $0.90 during trading on Monday, hitting $65.88. 25,282 shares of the company traded hands, compared to its average volume of 36,721. Sabine Royalty Trust has a 1 year low of $58.60 and a 1 year high of $70.20. The stock’s 50-day simple moving average is $66.60 and its 200 day simple moving average is $63.95. The company has a market cap of $960.51 million, a PE ratio of 10.15 and a beta of 0.44.

Sabine Royalty Trust (NYSE:SBR) last posted its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%. The firm had revenue of $19.55 million during the quarter.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.3012 dividend. This represents a $3.61 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Monday, March 17th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s payout ratio is currently 66.12%.

Hedge Funds Weigh In On Sabine Royalty Trust

A number of hedge funds have recently bought and sold shares of SBR. Beacon Pointe Advisors LLC raised its stake in shares of Sabine Royalty Trust by 289.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company’s stock worth $12,191,000 after buying an additional 139,836 shares during the period. TrueMark Investments LLC raised its position in Sabine Royalty Trust by 547.0% during the fourth quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company’s stock worth $5,723,000 after acquiring an additional 74,655 shares during the period. Raymond James Financial Inc. purchased a new position in Sabine Royalty Trust during the fourth quarter valued at $1,920,000. Clare Market Investments LLC acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at about $1,510,000. Finally, Sendero Wealth Management LLC acquired a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at about $838,000. Hedge funds and other institutional investors own 15.81% of the company’s stock.

About Sabine Royalty Trust

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.