Sabine Royalty Trust (NYSE:SBR) Short Interest Down 83.9% in February

Sabine Royalty Trust (NYSE:SBR) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 6,465 shares, a decrease of 83.9% from the January 29th total of 40,275 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 30,904 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 30,904 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Sabine Royalty Trust Trading Up 1.6%

Sabine Royalty Trust stock traded up $1.15 during midday trading on Wednesday, hitting $71.31. The stock had a trading volume of 26,277 shares, compared to its average volume of 35,163. The business has a fifty day moving average price of $69.27 and a 200 day moving average price of $72.38. Sabine Royalty Trust has a 12 month low of $58.25 and a 12 month high of $84.39. The stock has a market cap of $1.04 billion, a P/E ratio of 13.13 and a beta of 0.29.

Sabine Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be issued a $0.2834 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, February 17th. Sabine Royalty Trust’s payout ratio is 62.62%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Sabine Royalty Trust

Several large investors have recently added to or reduced their stakes in the company. Americana Partners LLC increased its stake in Sabine Royalty Trust by 2.1% during the fourth quarter. Americana Partners LLC now owns 269,933 shares of the energy company’s stock valued at $18,509,000 after purchasing an additional 5,529 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Sabine Royalty Trust by 1.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 195,894 shares of the energy company’s stock worth $13,017,000 after buying an additional 2,443 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Sabine Royalty Trust by 173.9% in the 4th quarter. Prospera Financial Services Inc now owns 158,609 shares of the energy company’s stock valued at $10,876,000 after buying an additional 100,691 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Sabine Royalty Trust by 31.0% in the 3rd quarter. Two Sigma Investments LP now owns 73,515 shares of the energy company’s stock valued at $5,842,000 after buying an additional 17,385 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Sabine Royalty Trust by 40.5% during the 3rd quarter. Bank of America Corp DE now owns 40,023 shares of the energy company’s stock valued at $3,180,000 after buying an additional 11,527 shares during the last quarter. 15.81% of the stock is currently owned by institutional investors.

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.