Caliber Wealth Management LLC KS Acquires Shares of 82,862 Kimbell Royalty (NYSE:KRP)

Key Points

• Caliber Wealth Management LLC KS invested approximately $1,160,000 in Kimbell Royalty by purchasing 82,862 shares, making it a new position for the firm.
• Kimbell Royalty has recently increased its quarterly dividend from $0.40 to $0.47, reflecting a positive change and an annualized dividend yield of 12.78%.
• Research analysts have mixed reviews on Kimbell Royalty's stock, with a consensus rating of "Hold" and a price target of $17.40, following upward and downward adjustments from various analysts.

Caliber Wealth Management LLC KS acquired a new position in Kimbell Royalty (NYSE:KRP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 82,862 shares of the energy company's stock, valued at approximately $1,160,000. Caliber Wealth Management LLC KS owned about 0.08% of Kimbell Royalty as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KRP. American Century Companies Inc. increased its position in Kimbell Royalty by 15.4% during the 4th quarter. American Century Companies Inc. now owns 2,208,353 shares of the energy company's stock valued at $35,842,000 after purchasing an additional 294,789 shares during the period. Raymond James Financial Inc. bought a new position in Kimbell Royalty in the 4th quarter worth about $30,449,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kimbell Royalty by 14.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company's stock worth $10,511,000 after purchasing 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 in the last quarter. Finally, Orvieto Partners L.P. bought a new position in Kimbell Royalty during the 4th quarter valued at about $6,103,000. 25.78% of the stock is currently owned by institutional investors.

Kimbell Royalty Stock Performance

Kimbell Royalty stock traded down $0.09 during midday trading on Wednesday, hitting $14.97. The stock had a trading volume of 97,171 shares, compared to its average volume of 775,276. The firm's fifty day moving average is $13.94 and its two-hundred day moving average is $14.01. The company has a market capitalization of $1.60 billion, a PE ratio of 299.60 and a beta of 0.51. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.99. The company has a current ratio of 6.02, a quick ratio of 6.02 and a debt-to-equity ratio of 0.44.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $84.21 million during the quarter, compared to analyst estimates of $84.05 million. Kimbell Royalty had a net margin of 5.25% and a return on equity of 9.69%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 EPS. On average, research analysts forecast that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.47 per share. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a yield of 12.56%. The ex-dividend date was Tuesday, May 20th. Kimbell Royalty's dividend payout ratio (DPR) is 3,760.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. KeyCorp lowered their target price on shares of Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Kimbell Royalty from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.40.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of the 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 directly owned 47,263 shares in the company, valued at approximately $627,180.01. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company's stock.

Kimbell Royalty Company Profile