Kimbell Royalty $KRP Shares Sold by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC reduced its stake in Kimbell Royalty by 45.5%, selling 126,691 shares and now holding approximately 0.14% of the company valued at $2,128,000.
• Various institutional investors have adjusted their positions in Kimbell Royalty, with TD Waterhouse Canada Inc. increasing its stake by 30.4% and now owning 4,287 shares.
• Kimbell Royalty reported a quarterly EPS of $0.02, missing the expected $0.14, while its revenue of $86.55 million exceeded analyst estimates.

Aptus Capital Advisors LLC reduced its stake in shares of Kimbell Royalty (NYSE:KRP - Free Report) by 45.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 152,001 shares of the energy company's stock after selling 126,691 shares during the quarter. Aptus Capital Advisors LLC owned 0.14% of Kimbell Royalty worth $2,128,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of KRP. Legal & General Group Plc raised its holdings in shares of Kimbell Royalty by 21.8% during the 4th quarter. Legal & General Group Plc now owns 55,500 shares of the energy company's stock valued at $901,000 after buying an additional 9,933 shares during the period. Barclays PLC grew its stake in Kimbell Royalty by 1,279.4% during the 4th quarter. Barclays PLC now owns 187,671 shares of the energy company's stock valued at $3,046,000 after purchasing an additional 174,066 shares in the last quarter. Jump Financial LLC grew its stake in Kimbell Royalty by 37.3% during the 4th quarter. Jump Financial LLC now owns 25,485 shares of the energy company's stock valued at $414,000 after purchasing an additional 6,921 shares in the last quarter. Marshall Wace LLP acquired a new stake in Kimbell Royalty during the 4th quarter valued at approximately $3,151,000. Finally, First Trust Advisors LP grew its stake in Kimbell Royalty by 2.0% during 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 in the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total transaction of $26,540.00. Following the completion of the transaction, the insider 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 SEC, which is available through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered Kimbell Royalty from a "buy" rating to a "hold" rating in a research note on Monday. Zacks Research lowered Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Kimbell Royalty currently has a consensus rating of "Hold" and a consensus price target of $17.40.

Kimbell Royalty Stock Performance

Shares of KRP traded down $0.13 during mid-day trading on Tuesday, hitting $13.81. The stock had a trading volume of 450,606 shares, compared to its average volume of 487,714. The company has a market cap of $1.49 billion, a PE ratio of -345.13 and a beta of 0.52. The company's fifty day simple moving average is $14.29 and its two-hundred day simple moving average is $13.82. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.99.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $79.77 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities analysts expect that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 18th. This represents a $1.52 dividend on an annualized basis and a yield of 11.0%. Kimbell Royalty's payout ratio is currently -3,800.00%.

Kimbell Royalty Company Profile