Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 19,200 shares, a decrease of 31.4% from the March 15th total of 28,000 shares. Based on an average daily trading volume, of 35,900 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Sabine Royalty Trust Price Performance

NYSE SBR traded down $0.31 on Friday, reaching $66.87. The stock had a trading volume of 19,678 shares, compared to its average volume of 37,445. The firm has a fifty day moving average of $62.70 and a two-hundred day moving average of $63.39. Sabine Royalty Trust has a 1-year low of $55.60 and a 1-year high of $81.42. The company has a market cap of $974.96 million, a P/E ratio of 10.80 and a beta of 0.51.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its earnings results on Thursday, February 29th. The energy company reported $2.30 earnings per share (EPS) for the quarter. The company had revenue of $34.35 million for the quarter. Sabine Royalty Trust had a return on equity of 1,059.66% and a net margin of 96.20%.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.5355 per share. This is a positive change from Sabine Royalty Trust's previous monthly dividend of $0.14. This represents a $6.43 annualized dividend and a dividend yield of 9.61%. The ex-dividend date is Friday, April 12th. Sabine Royalty Trust's dividend payout ratio is 79.81%.

Institutional Trading of Sabine Royalty Trust

Several large investors have recently bought and sold shares of SBR. Significant Wealth Partners LLC acquired a new stake in Sabine Royalty Trust in the fourth quarter valued at about $2,647,000. Citadel Advisors LLC boosted its stake in Sabine Royalty Trust by 129.3% in the second quarter. Citadel Advisors LLC now owns 40,743 shares of the energy company's stock valued at $2,480,000 after buying an additional 22,977 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Sabine Royalty Trust in the first quarter valued at about $1,027,000. Walleye Capital LLC acquired a new stake in Sabine Royalty Trust in the second quarter valued at about $994,000. Finally, First Republic Investment Management Inc. acquired a new stake in Sabine Royalty Trust in the first quarter valued at about $865,000. 15.81% of the stock is owned by institutional investors and hedge funds.

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.

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