Sabine Royalty Trust (NYSE:SBR) Short Interest Update

Sabine Royalty Trust (NYSE:SBR - Get Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 71,400 shares, an increase of 78.5% from the May 15th total of 40,000 shares. Based on an average daily trading volume, of 33,600 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.5% of the company's stock are short sold.

Sabine Royalty Trust Price Performance

NYSE:SBR traded down $0.02 during mid-day trading on Wednesday, hitting $66.25. The company's stock had a trading volume of 41,642 shares, compared to its average volume of 37,051. The business's fifty day moving average is $65.79 and its two-hundred day moving average is $65.79. The stock has a market cap of $965.85 million, a price-to-earnings ratio of 12.43 and a beta of 0.29. Sabine Royalty Trust has a 1 year low of $58.25 and a 1 year high of $70.20.

Sabine Royalty Trust (NYSE:SBR - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The energy company reported $1.24 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 904.22% and a net margin of 95.36%. The company had revenue of $19.40 million during the quarter.

Sabine Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.4265 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend is Monday, June 16th. Sabine Royalty Trust's dividend payout ratio (DPR) is 96.06%.

Institutional Trading of Sabine Royalty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of SBR. GAMMA Investing LLC increased its stake in Sabine Royalty Trust by 6,666.7% in the first quarter. GAMMA Investing LLC now owns 406 shares of the energy company's stock valued at $27,000 after purchasing an additional 400 shares during the period. Campbell Capital Management Inc. acquired a new position in Sabine Royalty Trust during the 4th quarter worth approximately $52,000. BankPlus Trust Department purchased a new position in shares of Sabine Royalty Trust during the 4th quarter worth approximately $91,000. Virtus ETF Advisers LLC lifted its holdings in shares of Sabine Royalty Trust by 14.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 2,923 shares of the energy company's stock valued at $189,000 after buying an additional 359 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of Sabine Royalty Trust in the 1st quarter valued at approximately $207,000. 15.81% of the stock is currently owned by hedge funds and other institutional investors.

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.