Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 8,511 shares, a growth of 31.6% from the February 12th total of 6,465 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 34,983 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 34,983 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Sabine Royalty Trust

Several large investors have recently added to or reduced their stakes in SBR. Americana Partners LLC increased its holdings in Sabine Royalty Trust by 611.6% in the 3rd quarter. Americana Partners LLC now owns 264,404 shares of the energy company’s stock valued at $21,007,000 after buying an additional 227,249 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Sabine Royalty Trust by 173.9% during the 4th quarter. Prospera Financial Services Inc now owns 158,609 shares of the energy company’s stock worth $10,876,000 after acquiring an additional 100,691 shares during the period. Marshall Wace LLP acquired a new stake in shares of Sabine Royalty Trust during the 2nd quarter valued at about $1,545,000. Two Sigma Investments LP boosted its position in shares of Sabine Royalty Trust by 31.0% during the 3rd quarter. Two Sigma Investments LP now owns 73,515 shares of the energy company’s stock valued at $5,842,000 after acquiring an additional 17,385 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Sabine Royalty Trust in the fourth quarter valued at about $1,080,000. Institutional investors and hedge funds own 15.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sabine Royalty Trust currently has an average rating of “Hold”.

Sabine Royalty Trust Trading Up 1.5%

Sabine Royalty Trust stock traded up $1.13 on Friday, reaching $75.08. 37,610 shares of the stock were exchanged, compared to its average volume of 33,817. Sabine Royalty Trust has a twelve month low of $58.25 and a twelve month high of $84.39. The firm has a fifty day moving average price of $70.41 and a two-hundred day moving average price of $72.58. The stock has a market cap of $1.09 billion, a PE ratio of 13.83 and a beta of 0.28.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.2862 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 16th. Sabine Royalty Trust’s payout ratio is presently 62.62%.

About Sabine Royalty Trust

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.