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 the month of 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. Based on an average daily trading volume, of 37,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Sabine Royalty Trust Stock Down 1.8 %

SBR traded down $1.15 during trading on Tuesday, hitting $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 twelve month low of $55.60 and a twelve month high of $72.50. The business’s fifty day simple moving average is $62.08 and its 200 day simple moving average is $63.55.

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

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 15th will be given a dividend of $0.4358 per share. The ex-dividend date is Tuesday, October 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. This represents a $5.23 dividend on an annualized basis and a yield of 8.53%. Sabine Royalty Trust’s payout ratio is presently 82.68%.

Institutional Trading of Sabine Royalty Trust

A number of hedge funds have recently bought and sold shares of the business. Olistico Wealth LLC acquired a new position in Sabine Royalty Trust in the second quarter valued at approximately $28,000. Family Firm Inc. acquired a new position in shares of Sabine Royalty Trust in the 2nd quarter valued at $48,000. Creekmur Asset Management LLC purchased a new position in shares of Sabine Royalty Trust during the 4th quarter worth $147,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Sabine Royalty Trust during the 2nd quarter worth about $302,000. Finally, Hsbc Holdings PLC acquired a new position in Sabine Royalty Trust in the second quarter valued at about $323,000. Institutional investors and hedge funds own 15.81% of the company’s stock.

Analyst Upgrades and Downgrades

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