Kimbell Royalty $KRP Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its stake in Kimbell Royalty (NYSE:KRP) by 69.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,874 shares of the energy company’s stock after selling 410,839 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Kimbell Royalty were worth $2,104,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Bridgewealth Advisory Group LLC raised its holdings in shares of Kimbell Royalty by 5.7% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 14,934 shares of the energy company’s stock worth $176,000 after acquiring an additional 810 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of 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 acquiring an additional 840 shares during the last quarter. Centaurus Financial Inc. raised its holdings in shares of Kimbell Royalty by 5.0% in the third quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company’s stock worth $243,000 after acquiring an additional 852 shares during the last quarter. Ruggaard & Associates LLC raised its holdings in shares of Kimbell Royalty by 8.1% in the second quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company’s stock worth $178,000 after acquiring an additional 950 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Kimbell Royalty by 5.2% in the fourth quarter. Wedbush Securities Inc. now owns 21,177 shares of the energy company’s stock worth $249,000 after acquiring an additional 1,046 shares during the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup boosted their price target on Kimbell Royalty from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Royal Bank Of Canada assumed coverage on Kimbell Royalty in a report on Friday, May 29th. They issued an “outperform” rating and a $20.00 price target for the company. Wall Street Zen cut Kimbell Royalty from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Mizuho cut their price target on Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, KeyCorp upgraded Kimbell Royalty from a “sector weight” rating to an “overweight” rating and set a $17.00 target price for the company in a research note on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Kimbell Royalty currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Kimbell Royalty Stock Performance

Shares of NYSE:KRP opened at $14.82 on Tuesday. The firm has a market capitalization of $1.60 billion, a PE ratio of 32.22 and a beta of 0.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.12 and a quick ratio of 5.12. The business has a 50-day moving average of $14.93 and a two-hundred day moving average of $13.82. Kimbell Royalty has a 12 month low of $11.31 and a 12 month high of $15.80.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.19). The firm had revenue of $65.54 million for the quarter, compared to analyst estimates of $90.25 million. Kimbell Royalty had a return on equity of 11.70% and a net margin of 22.76%.The business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, research analysts forecast that Kimbell Royalty will post 0.97 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.41 per share. This is a boost from Kimbell Royalty’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a yield of 11.1%. The ex-dividend date was Tuesday, May 19th. Kimbell Royalty’s payout ratio is currently 356.52%.

Kimbell Royalty announced that its Board of Directors has approved a stock buyback program on Monday, March 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the energy company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 6,609 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.48, for a total transaction of $95,698.32. Following the completion of the sale, the insider directly owned 75,163 shares in the company, valued at $1,088,360.24. This represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.60% of the stock is owned by corporate insiders.

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.