Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 56,400 shares, a growth of 32.4% from the March 31st total of 42,600 shares. Based on an average daily trading volume, of 40,800 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are short sold.

Sabine Royalty Trust Stock Down 0.7 %

Sabine Royalty Trust stock traded down $0.43 during trading hours on Friday, hitting $65.19. The stock had a trading volume of 33,422 shares, compared to its average volume of 38,400. The business's 50 day simple moving average is $65.48 and its 200-day simple moving average is $64.88. Sabine Royalty Trust has a one year low of $58.25 and a one year high of $70.20. The stock has a market cap of $950.41 million, a price-to-earnings ratio of 10.04 and a beta of 0.30.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last posted its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The firm 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%.

Sabine Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were given a dividend of $0.5039 per share. This is a positive change from Sabine Royalty Trust's previous monthly dividend of $0.30. This represents a $6.05 annualized dividend and a yield of 9.28%. The ex-dividend date was Tuesday, April 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is currently 110.62%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Sabine Royalty Trust

A number of institutional investors have recently made changes to their positions in SBR. Significant Wealth Partners LLC raised its position in shares of Sabine Royalty Trust by 17.1% during the first quarter. Significant Wealth Partners LLC now owns 5,209 shares of the energy company's stock worth $351,000 after acquiring an additional 760 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Sabine Royalty Trust by 0.8% during the first quarter. Concurrent Investment Advisors LLC now owns 28,424 shares of the energy company's stock worth $1,918,000 after buying an additional 213 shares during the period. 1900 Wealth Management LLC increased its position in shares of Sabine Royalty Trust by 24.0% during the first quarter. 1900 Wealth Management LLC now owns 5,908 shares of the energy company's stock worth $399,000 after buying an additional 1,143 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Sabine Royalty Trust by 5.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the energy company's stock valued at $268,000 after buying an additional 200 shares during the period. Finally, Clare Market Investments LLC boosted its position in Sabine Royalty Trust by 19.3% during the first quarter. Clare Market Investments LLC now owns 27,793 shares of the energy company's stock valued at $1,881,000 after acquiring an additional 4,500 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.