Short Interest in Sabine Royalty Trust (NYSE:SBR) Rises By 27.3%

Sabine Royalty Trust (NYSE:SBR) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,000 shares, a growth 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 trading volume of 35,100 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Howard Financial Services LTD. lifted its stake in Sabine Royalty Trust by 160.8% in the third quarter. Howard Financial Services LTD. now owns 67,496 shares of the energy company’s stock valued at $4,158,000 after buying an additional 41,618 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Sabine Royalty Trust by 491.9% in the third quarter. Concurrent Investment Advisors LLC now owns 27,614 shares of the energy company’s stock valued at $1,702,000 after purchasing an additional 22,949 shares during the period. BWM Planning LLC purchased a new position in Sabine Royalty Trust in the third quarter worth $1,331,000. TrueMark Investments LLC purchased a new stake in Sabine Royalty Trust during the second quarter worth about $1,107,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Sabine Royalty Trust by 77.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 38,820 shares of the energy company’s stock worth $2,511,000 after acquiring an additional 16,902 shares in the last quarter. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Stock Down 0.9 %

Sabine Royalty Trust stock traded down $0.57 during trading on Monday, hitting $64.43. The company had a trading volume of 41,440 shares, compared to its average volume of 35,995. The company’s 50 day simple moving average is $61.93 and its 200-day simple moving average is $62.98. Sabine Royalty Trust has a 1-year low of $57.73 and a 1-year high of $72.50.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5144 per share. This represents a $6.17 annualized dividend and a yield of 9.58%. 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. Sabine Royalty Trust’s payout ratio is 95.07%.

About Sabine Royalty Trust

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.