Sabine Royalty Trust (NYSE:SBR) Short Interest Down 15.9% in January

Sabine Royalty Trust (NYSE:SBR) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 68,600 shares, a drop of 15.9% from the December 31st total of 81,600 shares. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the shares of the stock are sold short.

Sabine Royalty Trust Price Performance

SBR stock traded down $0.30 during trading on Friday, hitting $66.20. The stock had a trading volume of 36,880 shares, compared to its average volume of 31,535. Sabine Royalty Trust has a twelve month low of $57.73 and a twelve month high of $69.50. The company’s 50-day moving average price is $64.98 and its two-hundred day moving average price is $63.11. The stock has a market capitalization of $965.25 million, a P/E ratio of 10.20 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Tuesday, November 12th. The energy company reported $1.31 earnings per share (EPS) for the quarter. The firm had revenue of $19.93 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.4483 per share. The ex-dividend date was Wednesday, January 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.38 dividend on an annualized basis and a yield of 8.13%. Sabine Royalty Trust’s payout ratio is presently 82.90%.

Institutional Trading of Sabine Royalty Trust

A number of hedge funds have recently bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. increased its stake in shares of 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 acquired a new position in shares of Sabine Royalty Trust during the 3rd quarter valued at about $230,000. M.E. Allison & CO. Inc. purchased a new stake in shares of Sabine Royalty Trust in the fourth quarter valued at about $259,000. Finally, Geneos Wealth Management Inc. raised its stake in Sabine Royalty Trust by 1,683.8% during the fourth 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 during the period. Institutional investors and hedge funds own 15.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.