Sabine Royalty Trust (NYSE:SBR) Sees Large Drop in Short Interest

Sabine Royalty Trust (NYSE:SBR) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 42,700 shares, a decline 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. Approximately 0.3% of the company’s shares are short sold.

Sabine Royalty Trust Stock Up 1.2 %

Shares of SBR traded up $0.76 during trading hours on Friday, reaching $65.28. 24,934 shares of the company traded hands, compared to its average volume of 41,941. The company’s fifty day moving average price is $66.60 and its two-hundred day moving average price is $63.95. The company has a market capitalization of $951.72 million, a price-to-earnings ratio of 10.06 and a beta of 0.44. Sabine Royalty Trust has a 12 month low of $58.60 and a 12 month high of $70.20.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share (EPS) for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%. The company 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 given a dividend of $0.3012 per share. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $3.61 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Monday, March 17th. Sabine Royalty Trust’s dividend payout ratio (DPR) is 66.12%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position in Sabine Royalty Trust by 1,683.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock valued at $306,000 after acquiring an additional 4,462 shares during the period. State Street Corp lifted its position in Sabine Royalty Trust by 3.8% during the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock valued at $402,000 after acquiring an additional 239 shares during the period. JPMorgan Chase & Co. lifted its position in Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after acquiring an additional 456 shares during the period. Captrust Financial Advisors purchased a new position in Sabine Royalty Trust in the third quarter worth about $230,000. Finally, Blue Trust Inc. raised its holdings in Sabine Royalty Trust by 15.4% in the fourth quarter. Blue Trust Inc. now owns 28,842 shares of the energy company’s stock worth $1,869,000 after buying an additional 3,850 shares during the last quarter. 15.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.