2 weeks Ago By ABMN Staff
Sabine Royalty Trust ( NYSE:SBR – Get Free Report ) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 7,400 shares, a decline of 32.7% from the August 31st total of 11,000 shares.
Based on an average daily volume of 36,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.
1% of the shares of the stock are short sold. Wall Street Analyst Weigh In Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.
Check Out Our Latest Report on Sabine Royalty Trust Sabine Royalty Trust Price Performance Sabine Royalty Trust ( NYSE:SBR – Get Free Report ) last released its earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter.
The firm had revenue of $22.78 million for the quarter. Sabine Royalty Trust had a return on equity of 1,098.
84% and a net margin of 96.63%. Sabine Royalty Trust Increases Dividend The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th.
Shareholders of record on Monday, September 16th will be given a $0.4213 dividend. This represents a $5.
06 annualized dividend and a yield of 8.18%. The ex-dividend date is Monday, September 16th.
This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is currently 87.
85%. Institutional Trading of Sabine Royalty Trust A number of hedge funds have recently added to or reduced their stakes in SBR. Mirae Asset Global Investments Co.
Ltd. purchased a new stake in Sabine Royalty Trust in the 1st quarter worth $11,173,000. Commonwealth Equity Services LLC raised its position in shares of Sabine Royalty Trust by 5.
0% during the 1st quarter. Commonwealth Equity Services LLC now owns 21,918 shares of the energy company’s stock worth $1,394,000 after purchasing an additional 1,049 shares during the last quarter. American National Bank lifted its stake in Sabine Royalty Trust by 0.
6% in the 1st quarter. American National Bank now owns 36,185 shares of the energy company’s stock valued at $2,301,000 after buying an additional 200 shares in the last quarter. Holderness Investments Co.
acquired a new stake in Sabine Royalty Trust in the 4th quarter worth about $406,000. Finally, Burford Brothers Inc. acquired a new stake in Sabine Royalty Trust in the 4th quarter worth about $677,000.
15.81% of the stock is owned by hedge funds and other institutional investors. About Sabine Royalty Trust ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Sabine Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabine Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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