Sabine Royalty Trust (NYSE:SBR) Short Interest Down 32.7% in September

Sabine Royalty Trust (NYSE:SBR) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 7,400 shares, a decline of 32.7% from the August 31st total of 11,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is currently 0.2 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, August 12th.

Sabine Royalty Trust Trading Up 3.9 %

SBR traded up $2.29 during midday trading on Friday, reaching $61.77. The company’s stock had a trading volume of 41,342 shares, compared to its average volume of 36,446. The firm has a market capitalization of $900.54 million, a price-to-earnings ratio of 10.72 and a beta of 0.47. Sabine Royalty Trust has a 1 year low of $55.60 and a 1 year high of $72.50. The stock’s 50-day moving average is $62.23 and its 200-day moving average is $63.52.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $1.51 earnings per share for the quarter. The business 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.4213 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date is Monday, September 16th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is 87.67%.

Institutional Investors Weigh In On Sabine Royalty Trust

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

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.