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

Sabine Royalty Trust (NYSE:SBR) saw a large 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. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 46,700 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Sabine Royalty Trust

Large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in Sabine Royalty Trust by 1,683.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock worth $306,000 after acquiring an additional 4,462 shares during the last quarter. State Street Corp grew its holdings in Sabine Royalty Trust by 3.8% in the 3rd quarter. State Street Corp now owns 6,505 shares of the energy company’s stock worth $402,000 after acquiring an additional 239 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after acquiring an additional 456 shares during the last quarter. Captrust Financial Advisors bought a new stake in Sabine Royalty Trust in the 3rd quarter worth $230,000. Finally, Blue Trust Inc. grew its holdings in Sabine Royalty Trust by 15.4% in the 4th quarter. Blue Trust Inc. now owns 28,842 shares of the energy company’s stock worth $1,869,000 after acquiring an additional 3,850 shares during the last quarter. Institutional investors own 15.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sabine Royalty Trust Stock Performance

Shares of SBR stock traded up $0.76 on Friday, hitting $65.28. 24,934 shares of the company’s stock traded hands, compared to its average volume of 41,941. Sabine Royalty Trust has a one year low of $58.60 and a one year high of $70.20. The company’s fifty day simple moving average is $66.60 and its 200 day simple moving average is $63.95. The stock 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 (NYSE:SBR) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 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 for the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.3012 dividend. 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. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is 66.12%.

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.