Sabine Royalty Trust (NYSE:SBR) Short Interest Up 31.1% in September

Sabine Royalty Trust (NYSE:SBR) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 9,700 shares, a growth of 31.1% from the September 15th total of 7,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 37,300 shares, the days-to-cover ratio is currently 0.3 days.

Sabine Royalty Trust Stock Down 1.8 %

NYSE SBR traded down $1.15 during trading hours on Tuesday, reaching $61.34. The company’s stock had a trading volume of 41,741 shares, compared to its average volume of 36,271. Sabine Royalty Trust has a 1 year low of $55.60 and a 1 year high of $72.50. The firm’s 50-day moving average price is $62.08 and its 200-day moving average price is $63.55.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, August 8th. The energy company reported $1.51 EPS for the quarter. The firm had revenue of $22.78 million for the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 15th will be paid a $0.4358 dividend. This represents a $5.23 annualized dividend and a yield of 8.53%. The ex-dividend date of this dividend is Tuesday, October 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 currently 82.68%.

Institutional Investors Weigh In On Sabine Royalty Trust

Hedge funds have recently made changes to their positions in the company. Howard Financial Services LTD. increased its holdings in shares of Sabine Royalty Trust by 0.7% in the 1st quarter. Howard Financial Services LTD. now owns 25,745 shares of the energy company’s stock valued at $1,627,000 after acquiring an additional 182 shares during the period. American National Bank raised its holdings in Sabine Royalty Trust by 0.6% in the first quarter. American National Bank now owns 36,185 shares of the energy company’s stock worth $2,301,000 after purchasing an additional 200 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Sabine Royalty Trust by 0.8% during the second quarter. Moors & Cabot Inc. now owns 23,998 shares of the energy company’s stock valued at $1,552,000 after buying an additional 201 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Sabine Royalty Trust in the 2nd quarter valued at about $28,000. Finally, American National Bank & Trust grew its position in shares of Sabine Royalty Trust by 1.3% in the 3rd quarter. American National Bank & Trust now owns 36,668 shares of the energy company’s stock worth $2,265,000 after buying an additional 483 shares during the last quarter. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

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.