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

Sabine Royalty Trust (NYSE:SBR) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 14,000 shares, a growth of 27.3% from the October 31st total of 11,000 shares. Based on an average daily trading volume, of 35,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Sabine Royalty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Olistico Wealth LLC bought a new position in Sabine Royalty Trust during the 2nd quarter valued at approximately $28,000. Family Firm Inc. bought a new position in shares of Sabine Royalty Trust during the second quarter valued at $48,000. Captrust Financial Advisors purchased a new position in shares of Sabine Royalty Trust in the 3rd quarter worth about $230,000. Concurrent Investment Advisors LLC bought a new position in Sabine Royalty Trust in the 2nd quarter worth about $302,000. Finally, Sunbelt Securities Inc. grew its position in Sabine Royalty Trust by 733.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,000 shares of the energy company’s stock valued at $309,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Price Performance

SBR traded down $0.55 during trading on Monday, reaching $64.45. The stock had a trading volume of 30,371 shares, compared to its average volume of 35,938. The stock’s 50 day moving average is $61.93 and its two-hundred day moving average is $62.98. Sabine Royalty Trust has a one year low of $57.73 and a one year high of $72.50.

Sabine Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.5144 per share. The ex-dividend date was Friday, November 15th. This represents a $6.17 annualized dividend and a yield of 9.58%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.44. Sabine Royalty Trust’s payout ratio is presently 95.07%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

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.