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

Sabine Royalty Trust (NYSE:SBR) was the target of a large decrease in short interest in 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 31,670 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Sabine Royalty Trust

Several institutional investors and hedge funds have recently made changes to their positions in SBR. Olistico Wealth LLC acquired a new stake in shares of Sabine Royalty Trust during the 4th quarter valued at approximately $29,000. WealthCollab LLC boosted its holdings in shares of Sabine Royalty Trust by 124.1% during the fourth quarter. WealthCollab LLC now owns 437 shares of the energy company’s stock valued at $30,000 after acquiring an additional 242 shares during the period. Allworth Financial LP grew its position in shares of Sabine Royalty Trust by 51.8% during the third quarter. Allworth Financial LP now owns 586 shares of the energy company’s stock worth $47,000 after acquiring an additional 200 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Sabine Royalty Trust by 79.2% during the second quarter. BNP Paribas Financial Markets now owns 708 shares of the energy company’s stock worth $47,000 after acquiring an additional 313 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Sabine Royalty Trust by 85.6% during the third quarter. Fifth Third Bancorp now owns 659 shares of the energy company’s stock worth $52,000 after acquiring an additional 304 shares during the last quarter. 15.81% of the stock is owned by institutional investors and hedge funds.

Sabine Royalty Trust Price Performance

Shares of SBR stock traded up $0.51 on Friday, hitting $77.31. 28,494 shares of the stock traded hands, compared to its average volume of 36,722. The company has a market capitalization of $1.13 billion, a PE ratio of 15.34 and a beta of 0.23. Sabine Royalty Trust has a 1-year low of $64.57 and a 1-year high of $84.39. The company’s fifty day moving average is $75.06 and its 200 day moving average is $72.86.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.4979 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 7.7%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.32. Sabine Royalty Trust’s dividend payout ratio 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.