Short Interest in Sabine Royalty Trust (NYSE:SBR) Declines By 15.9%

Sabine Royalty Trust (NYSE:SBR) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 68,600 shares, a decrease of 15.9% from the December 31st total of 81,600 shares. Based on an average daily volume of 40,300 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.5% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a report on Sunday.

Sabine Royalty Trust Stock Up 1.0 %

SBR traded up $0.67 during trading hours on Monday, hitting $66.86. 61,590 shares of the company’s stock were exchanged, compared to its average volume of 36,538. Sabine Royalty Trust has a 1-year low of $57.73 and a 1-year high of $69.50. The stock’s 50-day moving average is $64.98 and its two-hundred day moving average is $63.10. The stock has a market cap of $974.82 million, a price-to-earnings ratio of 10.30 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $1.31 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 $19.93 million during the quarter.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a $0.4483 dividend. This represents a $5.38 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend was Wednesday, January 15th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is 82.90%.

Institutional Trading of Sabine Royalty Trust

Hedge funds have recently modified their holdings of the stock. Signature Resources Capital Management LLC acquired a new stake in shares of Sabine Royalty Trust during the 4th quarter worth about $39,000. JPMorgan Chase & Co. lifted its stake in shares of Sabine Royalty Trust by 79.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock worth $64,000 after buying an additional 456 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Sabine Royalty Trust during the 3rd quarter worth about $230,000. M.E. Allison & CO. Inc. acquired a new stake in Sabine Royalty Trust in the 4th quarter worth about $259,000. Finally, Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 4,462 shares in the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

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.