Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR - Get Free Report) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 42,700 shares, a decrease of 27.3% from the February 13th total of 58,700 shares. Currently, 0.3% of the company's stock are short sold. Based on an average daily trading volume, of 46,700 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Sabine Royalty Trust from a "hold" rating to a "buy" rating in a research report on Monday, February 10th.

Sabine Royalty Trust Stock Performance

Shares of Sabine Royalty Trust stock traded up $0.22 during midday trading on Thursday, reaching $66.97. 22,441 shares of the company's stock traded hands, compared to its average volume of 36,779. The company has a market cap of $976.37 million, a price-to-earnings ratio of 10.32 and a beta of 0.44. The company's 50 day simple moving average is $66.63 and its 200 day simple moving average is $63.99. Sabine Royalty Trust has a 52 week low of $58.60 and a 52 week high of $70.20.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The business had revenue of $19.55 million for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.

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Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.3012 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $3.61 dividend on an annualized basis and a dividend yield of 5.40%. 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 66.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Pointe Advisors LLC grew its stake in Sabine Royalty Trust by 289.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company's stock valued at $12,191,000 after buying an additional 139,836 shares during the last quarter. TrueMark Investments LLC grew its stake in Sabine Royalty Trust by 547.0% in the 4th quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company's stock valued at $5,723,000 after buying an additional 74,655 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Sabine Royalty Trust in the 4th quarter valued at $1,920,000. Clare Market Investments LLC acquired a new position in Sabine Royalty Trust in the 4th quarter valued at $1,510,000. Finally, Sendero Wealth Management LLC acquired a new position in Sabine Royalty Trust in the 4th quarter valued at $838,000. Institutional investors own 15.81% of the company's stock.

About Sabine Royalty Trust

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.