Kimbell Royalty (NYSE:KRP) Holdings Raised by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC grew its stake in shares of Kimbell Royalty (NYSE:KRP - Free Report) by 114.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,448 shares of the energy company's stock after purchasing an additional 82,968 shares during the period. Prevail Innovative Wealth Advisors LLC owned about 0.15% of Kimbell Royalty worth $2,176,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KRP. Turtle Creek Wealth Advisors LLC purchased a new stake in Kimbell Royalty in the 1st quarter worth about $154,000. Arizona State Retirement System lifted its stake in Kimbell Royalty by 11.0% in the 1st quarter. Arizona State Retirement System now owns 22,179 shares of the energy company's stock worth $311,000 after acquiring an additional 2,206 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted 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 acquiring an additional 119,869 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in Kimbell Royalty in the 1st quarter worth about $44,000. Finally, Mutual Advisors LLC purchased a new stake in Kimbell Royalty in the 1st quarter worth about $693,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Stock Up 0.6%

KRP opened at $14.26 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.02 and a quick ratio of 6.02. The company has a market capitalization of $1.53 billion, a PE ratio of 285.10, a price-to-earnings-growth ratio of 6.97 and a beta of 0.51. The business has a 50-day moving average of $13.61 and a 200-day moving average of $14.13. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $17.07.

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

Kimbell Royalty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.19%. Kimbell Royalty's dividend payout ratio is currently 3,760.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on KRP. Mizuho began coverage on Kimbell Royalty in a research note on Monday, March 31st. They issued a "neutral" rating and a $16.00 price objective for the company. Wall Street Zen raised Kimbell Royalty from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, KeyCorp cut their price target on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kimbell Royalty currently has a consensus 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 dated Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total transaction of $26,540.00. Following the transaction, the insider owned 47,263 shares of the company's stock, valued at approximately $627,180.01. This represents a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.60% of the company's stock.

Kimbell Royalty Profile

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