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

Sabine Royalty Trust (NYSE:SBR) saw a significant decline in short interest in the month of 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 trading volume, of 46,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc lifted its position in shares of Sabine Royalty Trust by 12.1% during the third quarter. Prospera Financial Services Inc now owns 28,519 shares of the energy company’s stock worth $1,762,000 after purchasing an additional 3,070 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Sabine Royalty Trust by 6.9% during the 3rd quarter. Moors & Cabot Inc. now owns 25,659 shares of the energy company’s stock worth $1,585,000 after buying an additional 1,661 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of Sabine Royalty Trust by 0.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 100,368 shares of the energy company’s stock worth $6,200,000 after acquiring an additional 710 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Sabine Royalty Trust during the 3rd quarter valued at approximately $230,000. Finally, State Street Corp lifted its stake in Sabine Royalty Trust by 3.8% during the third quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after purchasing an additional 239 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors.

Sabine Royalty Trust Stock Up 0.5 %

Shares of NYSE SBR traded up $0.31 during trading on Tuesday, reaching $66.09. 13,140 shares of the stock were exchanged, compared to its average volume of 36,730. The company has a market capitalization of $963.45 million, a price-to-earnings ratio of 10.18 and a beta of 0.44. The business’s 50-day moving average price is $66.60 and its 200 day moving average price is $63.95. Sabine Royalty Trust has a twelve month low of $58.60 and a twelve 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 EPS 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 during the quarter.

Sabine Royalty Trust Increases Dividend

The business 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 dividend on an annualized basis and a dividend 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 payout ratio is 66.12%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report 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.