Kimbell Royalty (NYSE:KRP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Kimbell Royalty (NYSE:KRP) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.00.

KRP has been the topic of a number of recent analyst reports. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research upgraded shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Royal Bank Of Canada assumed coverage on Kimbell Royalty in a research note on Friday, May 29th. They issued an “outperform” rating and a $20.00 target price on the stock. Finally, Weiss Ratings upgraded Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th.

Insider Transactions at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 4,524 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total value of $68,221.92. Following the completion of the sale, the insider directly owned 70,639 shares in the company, valued at approximately $1,065,236.12. This represents a 6.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of Kimbell Royalty

A number of hedge funds have recently added to or reduced their stakes in KRP. Van ECK Associates Corp grew its stake in Kimbell Royalty by 329.4% in the second quarter. Van ECK Associates Corp now owns 3,627,850 shares of the energy company’s stock valued at $52,713,000 after purchasing an additional 2,783,040 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Kimbell Royalty by 32.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,210,948 shares of the energy company’s stock valued at $14,241,000 after acquiring an additional 294,482 shares in the last quarter. California State Teachers Retirement System boosted its stake in Kimbell Royalty by 1,353.0% in the second quarter. California State Teachers Retirement System now owns 1,184,849 shares of the energy company’s stock valued at $17,216,000 after acquiring an additional 1,103,304 shares in the last quarter. UBS Group AG grew its holdings in Kimbell Royalty by 9.4% in the fourth quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock worth $11,867,000 after purchasing an additional 86,957 shares during the last quarter. Finally, Energy Income Partners LLC increased its position in shares of Kimbell Royalty by 12.3% during the third quarter. Energy Income Partners LLC now owns 647,396 shares of the energy company’s stock worth $8,733,000 after purchasing an additional 70,783 shares in the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Stock Performance

Shares of KRP opened at $14.89 on Monday. The company has a 50-day simple moving average of $14.93 and a two-hundred day simple moving average of $14.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.30 and a quick ratio of 7.30. The firm has a market capitalization of $1.71 billion, a PE ratio of 17.73 and a beta of 0.31. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.80.

Kimbell Royalty (NYSE:KRP) last posted its earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.The firm had revenue of $112.48 million for the quarter, compared to the consensus estimate of $93.45 million. During the same quarter in the prior year, the business earned $0.02 EPS. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts anticipate that Kimbell Royalty will post 0.81 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a $0.47 dividend. The ex-dividend date was Monday, August 17th. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.6%. Kimbell Royalty’s dividend payout ratio (DPR) is presently 223.81%.

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.