Sabine Royalty Trust (NYSE:SBR) Short Interest Down 27.3% in February

Sabine Royalty Trust (NYSE:SBR) was the recipient of a significant drop in short interest in 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. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 46,700 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

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

Sabine Royalty Trust Stock Performance

Shares of NYSE:SBR traded up $0.31 during trading hours on Tuesday, hitting $66.09. The stock had a trading volume of 13,140 shares, compared to its average volume of 36,730. The stock’s fifty day simple moving average is $66.60 and its 200 day simple moving average is $63.95. The firm has a market capitalization of $963.45 million, a price-to-earnings ratio of 10.18 and a beta of 0.44. Sabine Royalty Trust has a 1-year low of $58.60 and a 1-year high of $70.20.

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

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.3012 dividend. This represents a $3.61 dividend on an annualized basis and a yield of 5.47%. 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 dividend payout ratio is currently 66.12%.

Institutional Trading of Sabine Royalty Trust

A number of institutional investors have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC lifted its position in Sabine Royalty Trust by 289.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company’s stock worth $12,191,000 after purchasing an additional 139,836 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Sabine Royalty Trust by 9.5% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company’s stock valued at $7,124,000 after buying an additional 9,553 shares during the period. TrueMark Investments LLC grew its holdings 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. Howard Financial Services LTD. grew its holdings in Sabine Royalty Trust by 14.6% during the fourth quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock worth $5,012,000 after acquiring an additional 9,840 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Sabine Royalty Trust in the fourth quarter worth about $1,920,000. 15.81% of the stock is owned by institutional investors and hedge funds.

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.