Sabine Royalty Trust (NYSE:SBR) Sees Significant Increase in Short Interest

Sabine Royalty Trust (NYSE:SBR) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 14,000 shares, an increase of 27.3% from the October 31st total of 11,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 35,100 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

Hedge Funds Weigh In On Sabine Royalty Trust

Large investors have recently bought and sold shares of the stock. Howard Financial Services LTD. raised 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 acquiring an additional 41,618 shares during the last quarter. American National Bank & Trust grew its position in shares of Sabine Royalty Trust by 1.3% in the 3rd quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock worth $2,265,000 after buying an additional 483 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Sabine Royalty Trust during the second quarter valued at approximately $48,000. Hsbc Holdings PLC purchased a new position in shares of Sabine Royalty Trust during the second quarter valued at approximately $323,000. Finally, Olistico Wealth LLC purchased a new stake in Sabine Royalty Trust in the second quarter worth $28,000. 15.81% of the stock is owned by hedge funds and other institutional investors.

Sabine Royalty Trust Stock Down 0.8 %

SBR traded down $0.55 during trading on Monday, reaching $64.45. The stock had a trading volume of 30,371 shares, compared to its average volume of 35,938. The business has a 50-day moving average of $61.93 and a 200-day moving average of $62.98. Sabine Royalty Trust has a one year low of $57.73 and a one year high of $72.50.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.5144 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.44. This represents a $6.17 annualized dividend and a yield of 9.58%. Sabine Royalty Trust’s dividend payout ratio is currently 95.07%.

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.