U.S. Capital Wealth Advisors LLC Buys 119,869 Shares of Kimbell Royalty (NYSE:KRP)

U.S. Capital Wealth Advisors LLC raised its stake in Kimbell Royalty (NYSE:KRP - Free Report) by 44.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,884 shares of the energy company's stock after acquiring an additional 119,869 shares during the quarter. U.S. Capital Wealth Advisors LLC owned about 0.36% of Kimbell Royalty worth $5,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRP. TD Waterhouse Canada Inc. grew its position in shares of Kimbell Royalty by 30.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,287 shares of the energy company's stock worth $70,000 after buying an additional 1,000 shares during the period. Virtus ETF Advisers LLC grew its position in shares of Kimbell Royalty by 10.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company's stock worth $179,000 after buying an additional 1,035 shares during the period. Wedbush Securities Inc. grew its position in shares of Kimbell Royalty by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 38,930 shares of the energy company's stock worth $632,000 after buying an additional 1,298 shares during the period. AlphaCore Capital LLC grew its position in shares of Kimbell Royalty by 0.9% during the 4th quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company's stock worth $2,421,000 after buying an additional 1,350 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Kimbell Royalty by 6.0% during the 4th quarter. Vident Advisory LLC now owns 30,815 shares of the energy company's stock worth $500,000 after buying an additional 1,747 shares during the period. Institutional investors and hedge funds own 25.78% of the company's stock.

Kimbell Royalty Trading Up 2.2%

NYSE KRP traded up $0.30 during trading on Tuesday, reaching $14.25. 300,106 shares of the stock traded hands, compared to its average volume of 824,344. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 285.00, a price-to-earnings-growth ratio of 6.96 and a beta of 0.51. The stock's 50-day moving average price is $13.46 and its 200 day moving average price is $14.17. The company has a quick ratio of 6.02, a current ratio of 6.02 and a debt-to-equity ratio of 0.44. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The firm had revenue of $84.21 million during the quarter, compared to analysts' expectations of $84.05 million. Kimbell Royalty had a net margin of 5.25% and a return on equity of 9.69%. The business's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. Analysts predict that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 20th were paid a $0.47 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.88 dividend on an annualized basis and a yield of 13.19%. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.40. Kimbell Royalty's payout ratio is presently 3,760.00%.

Insiders Place Their Bets

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of Kimbell Royalty stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total value of $26,540.00. Following the transaction, the insider owned 47,263 shares of the company's stock, valued at approximately $627,180.01. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

KRP has been the subject of several analyst reports. KeyCorp lowered their price target on shares of Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Royal Bank Of Canada upgraded shares of Kimbell Royalty to a "moderate buy" rating in a research report on Friday, March 14th. Mizuho initiated coverage on shares of Kimbell Royalty in a report on Monday, March 31st. They set a "neutral" rating and a $16.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Kimbell Royalty from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Profile