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

Key Points

• Epoch Investment Partners Inc. increased its stake in Kimbell Royalty by 222.8% in Q1, owning a total of 672,420 shares worth approximately $9.4 million.
• Kimbell Royalty's recent quarterly earnings report revealed a $0.02 EPS, missing the consensus estimate of $0.14, even though revenue was above expectations at $86.55 million.
• The company announced a quarterly dividend of $0.38 with an annual yield of 11.0%, despite a payout ratio of -3,800.00%.

Epoch Investment Partners Inc. lifted its holdings in Kimbell Royalty (NYSE:KRP - Free Report) by 222.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 672,420 shares of the energy company's stock after purchasing an additional 464,142 shares during the period. Epoch Investment Partners Inc. owned about 0.63% of Kimbell Royalty worth $9,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in Kimbell Royalty in the 1st quarter worth $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Kimbell Royalty in the first quarter worth approximately $34,000. GAMMA Investing LLC purchased a new stake in shares of Kimbell Royalty during the first quarter worth approximately $34,000. Chilton Capital Management LLC purchased a new stake in shares of Kimbell Royalty during the first quarter worth approximately $44,000. Finally, Sunbelt Securities Inc. raised its stake in Kimbell Royalty by 760.0% in the 4th quarter. Sunbelt Securities Inc. now owns 6,450 shares of the energy company's stock valued at $104,000 after purchasing an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 25.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KRP. Zacks Research cut shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of Kimbell Royalty from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Kimbell Royalty currently has a consensus rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Trading Down 0.9%

Shares of NYSE KRP traded down $0.12 during mid-day trading on Monday, reaching $13.98. 347,277 shares of the company's stock were exchanged, compared to its average volume of 493,224. The company's 50-day moving average is $14.25 and its 200-day moving average is $13.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.45 and a current ratio of 5.45. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -349.48 and a beta of 0.57. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.99.

Kimbell Royalty (NYSE:KRP - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $0.02 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 during the quarter, compared to analyst estimates of $79.77 million. The company's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. Analysts expect that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Monday, August 18th. Kimbell Royalty's payout ratio is currently -3,800.00%.

Kimbell Royalty Profile