Hsbc Holdings PLC Purchases 68,861 Shares of Kimbell Royalty $KRP

Hsbc Holdings PLC lifted its position in Kimbell Royalty (NYSE:KRP) by 441.0% during the first quarter, Holdings Channel reports. The institutional investor owned 84,476 shares of the energy company’s stock after buying an additional 68,861 shares during the quarter. Hsbc Holdings PLC’s holdings in Kimbell Royalty were worth $1,236,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bridgewealth Advisory Group LLC lifted its position in Kimbell Royalty by 5.7% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 14,934 shares of the energy company’s stock valued at $176,000 after acquiring an additional 810 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Kimbell Royalty by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 193,021 shares of the energy company’s stock worth $2,270,000 after purchasing an additional 840 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of Kimbell Royalty by 5.0% during the third quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company’s stock worth $243,000 after purchasing an additional 852 shares in the last quarter. Ruggaard & Associates LLC increased its position in shares of Kimbell Royalty by 8.1% during the second quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company’s stock worth $178,000 after purchasing an additional 950 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of Kimbell Royalty by 5.2% during the 4th quarter. Wedbush Securities Inc. now owns 21,177 shares of the energy company’s stock valued at $249,000 after purchasing an additional 1,046 shares during the last quarter. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Trading Down 1.7%

Shares of Kimbell Royalty stock opened at $14.69 on Tuesday. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.77. Kimbell Royalty has a 12-month low of $11.31 and a 12-month high of $15.80. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 31.92 and a beta of 0.29. The firm’s 50 day simple moving average is $14.94 and its two-hundred day simple moving average is $14.40.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings data on Thursday, May 7th. The energy company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.19). Kimbell Royalty had a return on equity of 11.70% and a net margin of 22.76%.The company had revenue of $65.54 million for the quarter, compared to analyst estimates of $90.25 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts predict that Kimbell Royalty will post 0.81 EPS for the current year.

Kimbell Royalty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Tuesday, May 19th were paid a $0.41 dividend. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, May 19th. This represents a $1.64 dividend on an annualized basis and a yield of 11.2%. Kimbell Royalty’s dividend payout ratio (DPR) is 356.52%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KRP. Weiss Ratings cut Kimbell Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Royal Bank Of Canada initiated coverage on Kimbell Royalty in a research report on Friday, May 29th. They set an “outperform” rating and a $20.00 target price on the stock. Citigroup increased their price target on Kimbell Royalty from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, KeyCorp raised Kimbell Royalty from a “sector weight” rating to an “overweight” rating and set a $17.00 price target for the company in a report on Thursday, April 2nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

About Kimbell Royalty

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.