Sabine Royalty Trust (NYSE:SBR) Short Interest Up 31.6% in February

Sabine Royalty Trust (NYSE:SBR) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 8,511 shares, a growth of 31.6% from the February 12th total of 6,465 shares. Based on an average trading volume of 34,983 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 34,983 shares, the short-interest ratio is presently 0.2 days.

Sabine Royalty Trust Price Performance

SBR opened at $75.65 on Tuesday. Sabine Royalty Trust has a fifty-two week low of $58.25 and a fifty-two week high of $84.39. The firm has a market capitalization of $1.10 billion, a PE ratio of 13.93 and a beta of 0.28. The company’s 50-day moving average is $70.56 and its 200 day moving average is $72.60.

Sabine Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $0.2862 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.28. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, March 16th. Sabine Royalty Trust’s dividend payout ratio is currently 62.62%.

Institutional Investors Weigh In On Sabine Royalty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Olistico Wealth LLC bought a new position in Sabine Royalty Trust in the 4th quarter valued at $29,000. WealthCollab LLC grew its position in Sabine Royalty Trust by 124.1% during the fourth quarter. WealthCollab LLC now owns 437 shares of the energy company’s stock valued at $30,000 after buying an additional 242 shares during the period. Allworth Financial LP increased its holdings in Sabine Royalty Trust by 51.8% during the third quarter. Allworth Financial LP now owns 586 shares of the energy company’s stock worth $47,000 after buying an additional 200 shares during the last quarter. Fifth Third Bancorp increased its holdings in Sabine Royalty Trust by 85.6% during the third quarter. Fifth Third Bancorp now owns 659 shares of the energy company’s stock worth $52,000 after buying an additional 304 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Sabine Royalty Trust by 79.2% in the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock worth $47,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sabine Royalty Trust presently has an average rating of “Hold”.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.