Sabine Royalty Trust (NYSE:SBR) Sees Significant Decline in Short Interest

Sabine Royalty Trust (NYSE:SBR) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 6,900 shares, a decrease of 65.8% from the June 15th total of 20,200 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 33,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Sabine Royalty Trust

A number of large investors have recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new stake in Sabine Royalty Trust during the second quarter valued at about $28,000. Blue Trust Inc. increased its holdings in shares of Sabine Royalty Trust by 5.6% in the first quarter. Blue Trust Inc. now owns 24,992 shares of the energy company’s stock worth $1,589,000 after buying an additional 1,327 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sabine Royalty Trust in the first quarter worth about $11,173,000. Commonwealth Equity Services LLC increased its holdings in shares of Sabine Royalty Trust by 5.0% in the first quarter. Commonwealth Equity Services LLC now owns 21,918 shares of the energy company’s stock worth $1,394,000 after buying an additional 1,049 shares during the period. Finally, 1900 Wealth Management LLC increased its holdings in shares of Sabine Royalty Trust by 26.6% in the first quarter. 1900 Wealth Management LLC now owns 4,765 shares of the energy company’s stock worth $303,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Price Performance

Shares of Sabine Royalty Trust stock traded up $0.30 during trading hours on Thursday, reaching $64.57. The company had a trading volume of 28,845 shares, compared to its average volume of 35,594. The firm has a market cap of $941.43 million, a PE ratio of 11.21 and a beta of 0.48. Sabine Royalty Trust has a one year low of $55.60 and a one year high of $72.50. The business has a fifty day simple moving average of $64.47 and a 200 day simple moving average of $63.81.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Thursday, May 9th. The energy company reported $1.37 earnings per share (EPS) for the quarter. The company had revenue of $20.76 million during the quarter. Sabine Royalty Trust had a return on equity of 1,059.92% and a net margin of 96.22%.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 29th. Shareholders of record on Monday, July 15th will be given a dividend of $0.379 per share. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date is Monday, July 15th. This represents a $4.55 dividend on an annualized basis and a yield of 7.04%. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 111.98%.

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.