Short-term stake in Sabine Royalty Trust (NYSE:SBR) increases 236.1%
Sabine Royalty Trust (NYSE:SBR) was the target of a surge in short interest in January. As of January 15, there was short interest totaling 12,100 shares, an increase of 236.1% from the total of 3,600 shares as of December 31. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 43,400 shares, the day-to-cover ratio is currently 0.3 days.
NYSE: SBR opened at $49.48 on Friday. The company has a market capitalization of $721.42 million, a P/E ratio of 17.67 and a beta of 0.73. The company has a 50-day simple moving average of $44.32 and a 200-day simple moving average of $42.15. Sabine Royalty Trust has a one year minimum of $29.60 and a one year maximum of $54.00.
Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Tuesday, November 9. The energy company reported earnings per share of $0.94 for the quarter. The company had revenue of $14.49 million in the quarter. Sabine Royalty Trust achieved a return on equity of 745.91% and a net margin of 93.18%.
The company also recently announced a monthly dividend, which will be paid on Monday, January 31. Shareholders of record on Tuesday, January 18 will receive a dividend of $0.877. This represents an annualized dividend of $10.52 and a dividend yield of 21.27%. The ex-dividend date is Friday, January 14. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.31. Sabine Royalty Trust’s payout ratio is 375.71%.
Several hedge funds have recently changed their holdings in the company. Raymond James & Associates increased its stake in shares of Sabine Royalty Trust by 21.8% in the third quarter. Raymond James & Associates now owns 13,834 shares of the energy company valued at $593,000 after buying 2,473 more shares last quarter. Koshinski Asset Management Inc. acquired a new stake in Sabine Royalty Trust during Q3 for a value of approximately $945,000. Capital Analysts LLC increased its stake in Sabine Royalty Trust by 0.8% during the 3rd quarter. Capital Analysts LLC now owns 39,073 shares of the energy company worth $1,673,000 after buying 294 more shares in the last quarter. Essex Financial Services Inc. increased its stake in Sabine Royalty Trust by 14.3% during the third quarter. Essex Financial Services Inc. now owns 62,548 shares of the energy company worth $2,679,000 after buying an additional 7,821 shares last quarter. Finally, US Global Investors Inc. increased its position in shares of Sabine Royalty Trust by 300.0% in the third quarter. US Global Investors Inc. now owns 20,000 shares of the energy company valued at $857,000 after buying 15,000 more shares last quarter.
Company Profile Sabine Royalty Trust
Sabine Royalty Trust is an express trust that deals with the provision of royalties and mining interests of Sabine Corporation. It includes landowner royalties, overriding royalty interests, minerals, production payments and other similar non-participating interests, in certain undeveloped, producing and proven oil and gas properties.
Further Reading: Trade Deficit
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