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U.S. Capital Wealth Advisors LLC Has $5.42 Million Stock Holdings in Kimbell Royalty (NYSE:KRP)

Kimbell Royalty logo with Energy background

U.S. Capital Wealth Advisors LLC boosted its stake in shares of Kimbell Royalty (NYSE:KRP - Free Report) by 44.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,884 shares of the energy company's stock after acquiring an additional 119,869 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.36% of Kimbell Royalty worth $5,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRP. Raymond James Financial Inc. acquired a new position in Kimbell Royalty in the 4th quarter valued at $30,449,000. Orvieto Partners L.P. acquired a new position in Kimbell Royalty in the 4th quarter valued at $6,103,000. American Century Companies Inc. raised its holdings in Kimbell Royalty by 15.4% in 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 acquiring an additional 294,789 shares in the last quarter. Marshall Wace LLP acquired a new position in Kimbell Royalty in the 4th quarter valued at $3,151,000. Finally, Barclays PLC raised its holdings in Kimbell Royalty by 1,279.4% in the 4th quarter. Barclays PLC now owns 187,671 shares of the energy company's stock valued at $3,046,000 after acquiring an additional 174,066 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen raised Kimbell Royalty from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. KeyCorp decreased their price target on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Mizuho assumed coverage on Kimbell Royalty in a research note on Monday, March 31st. They issued a "neutral" rating and a $16.00 price target on the stock. Finally, Royal Bank Of Canada upgraded Kimbell Royalty to a "moderate buy" rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Kimbell Royalty has a consensus rating of "Hold" and an average target price of $17.40.

View Our Latest Research Report on Kimbell Royalty

Kimbell Royalty Price Performance

KRP stock traded up $0.14 during midday trading on Friday, reaching $14.21. 255,799 shares of the stock were exchanged, compared to its average volume of 632,615. The stock has a market capitalization of $1.52 billion, a PE ratio of 284.10, a P/E/G ratio of 6.92 and a beta of 0.51. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $17.07. 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 fifty day moving average price of $13.61 and a 200 day moving average price of $14.15.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Kimbell Royalty had a return on equity of 9.69% and a net margin of 5.25%. The firm had revenue of $84.21 million for the quarter, compared to analyst estimates of $84.05 million. During the same quarter in the previous year, the company posted $0.04 EPS. The business's revenue was up 2.9% on a year-over-year basis. As a group, analysts expect that Kimbell Royalty will post 0.65 EPS for the current fiscal 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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.23%. The ex-dividend date of this dividend was Tuesday, May 20th. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.40. Kimbell Royalty's payout ratio is 3,760.00%.

Insider Activity at Kimbell Royalty

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

Kimbell Royalty Profile

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Further Reading

Institutional Ownership by Quarter for Kimbell Royalty (NYSE:KRP)

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