HighTower Advisors LLC Acquires 48,009 Shares of Kimbell Royalty $KRP

Key Points

• HighTower Advisors LLC increased its holdings in Kimbell Royalty by 198.6% in the first quarter, acquiring 48,009 shares for a total of 72,182 shares valued at approximately $1,011,000.
• Kimbell Royalty reported disappointing earnings, with earnings per share (EPS) of $0.02, missing expectations of $0.14, despite a year-over-year revenue increase of 12.9% to $86.55 million.
• The company recently announced a dividend of $0.38 per share, resulting in a yield of 11.0%, although its payout ratio stands at an extreme -3,800.00%.

HighTower Advisors LLC raised its stake in Kimbell Royalty (NYSE:KRP - Free Report) by 198.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,182 shares of the energy company's stock after acquiring an additional 48,009 shares during the period. HighTower Advisors LLC owned approximately 0.07% of Kimbell Royalty worth $1,011,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bessemer Group Inc. acquired a new position in Kimbell Royalty in the first quarter valued at about $29,000. GAMMA Investing LLC acquired a new stake in Kimbell Royalty during the first quarter worth about $34,000. Lowe Wealth Advisors LLC bought a new position in Kimbell Royalty in the 1st quarter valued at about $34,000. Chilton Capital Management LLC acquired a new position in shares of Kimbell Royalty in the 1st quarter valued at approximately $44,000. Finally, Sunbelt Securities Inc. raised its position in shares of 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 buying an additional 5,700 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Price Performance

NYSE:KRP traded down $0.12 on Monday, hitting $13.98. The company had a trading volume of 347,277 shares, compared to its average volume of 493,224. 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 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -349.48 and a beta of 0.57. The firm has a 50 day moving average of $14.25 and a two-hundred day moving average of $13.77.

Kimbell Royalty (NYSE:KRP - Get Free Report) last announced its quarterly 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). The firm had revenue of $86.55 million during the quarter, compared to the consensus estimate of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The firm's revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, research analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KRP. Wall Street Zen lowered shares of Kimbell Royalty from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Zacks Research downgraded Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Profile