Sabine Royalty Trust (NYSE:SBR) Short Interest Down 54.5% in April

Sabine Royalty Trust (NYSE:SBR) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 13,954 shares, a decrease of 54.5% from the April 15th total of 30,650 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 31,670 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new position in shares of Sabine Royalty Trust in the first quarter worth $774,000. State of Wyoming grew its stake in shares of Sabine Royalty Trust by 117.1% in the first quarter. State of Wyoming now owns 5,807 shares of the energy company’s stock worth $437,000 after purchasing an additional 3,132 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Sabine Royalty Trust by 3.9% in the first quarter. Cetera Investment Advisers now owns 6,757 shares of the energy company’s stock worth $509,000 after purchasing an additional 254 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Sabine Royalty Trust in the first quarter worth $765,000. Finally, Fifth Third Bancorp grew its stake in shares of Sabine Royalty Trust by 55.2% in the first quarter. Fifth Third Bancorp now owns 1,282 shares of the energy company’s stock worth $97,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 15.81% of the company’s stock.

Sabine Royalty Trust Stock Performance

Shares of Sabine Royalty Trust stock traded up $0.51 during trading on Friday, hitting $77.31. 28,494 shares of the stock were exchanged, compared to its average volume of 36,722. The stock’s fifty day moving average is $75.06 and its 200 day moving average is $72.86. The stock has a market cap of $1.13 billion, a PE ratio of 15.34 and a beta of 0.23. Sabine Royalty Trust has a 12 month low of $64.57 and a 12 month high of $84.39.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.4979 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 7.7%. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 77.38%.

Sabine Royalty Trust Company Profile

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.