American Century Companies Inc. Has $35.59 Million Position in Kimbell Royalty $KRP

Key Points

• American Century Companies Inc. increased its holdings in Kimbell Royalty by 15.1%, acquiring an additional 334,009 shares, bringing its total ownership to approximately 2.38% of the company valued at $35.6 million.
• Recent analyst ratings for Kimbell Royalty reflect a mixed sentiment, with one brokerage upgrading it to a "buy", while others have maintained a "hold" rating, resulting in an average target price of $17.40.
• Kimbell Royalty plans to pay a quarterly dividend of $0.38 per share on August 25, which represents an 11.2% yield, despite the company reporting a significant negative payout ratio.

American Century Companies Inc. lifted its holdings in shares of Kimbell Royalty (NYSE:KRP - Free Report) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,542,362 shares of the energy company's stock after purchasing an additional 334,009 shares during the quarter. American Century Companies Inc. owned 2.38% of Kimbell Royalty worth $35,593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KRP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kimbell Royalty by 14.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company's stock valued at $10,511,000 after buying an additional 82,499 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Kimbell Royalty by 44.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 386,884 shares of the energy company's stock worth $5,416,000 after purchasing an additional 119,869 shares during the period. Orvieto Partners L.P. bought a new position in Kimbell Royalty during the 4th quarter worth about $6,103,000. First Trust Advisors LP raised its stake in shares of Kimbell Royalty by 2.0% in the 4th quarter. First Trust Advisors LP now owns 344,227 shares of the energy company's stock valued at $5,587,000 after purchasing an additional 6,867 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Kimbell Royalty by 22.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 278,692 shares of the energy company's stock valued at $4,523,000 after purchasing an additional 51,110 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total transaction of $26,540.00. Following the transaction, the insider directly owned 47,263 shares in the company, valued at $627,180.01. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by company insiders.

Kimbell Royalty Stock Down 0.1%

Shares of NYSE:KRP traded down $0.02 during trading on Monday, hitting $13.94. 551,842 shares of the company were exchanged, compared to its average volume of 746,146. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.99. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -348.50 and a beta of 0.52. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $14.30 and a two-hundred day moving average price of $13.83.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The company had revenue of $86.55 million during the quarter, compared to analyst estimates of $79.77 million. During the same period in the previous year, the company posted $0.11 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter last year. As a group, research analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 18th will be paid a $0.38 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.52 dividend on an annualized basis and a yield of 10.9%. Kimbell Royalty's dividend payout ratio (DPR) is currently -3,800.00%.

Wall Street Analyst Weigh In

KRP has been the subject of several recent research reports. Wall Street Zen cut Kimbell Royalty from a "buy" rating to a "hold" rating in a research report on Monday. Zacks Research cut Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.40.

Kimbell Royalty Profile