Mutual Advisors LLC Increases Stake in Kimbell Royalty $KRP

Key Points

• Mutual Advisors LLC significantly increased its stake in Kimbell Royalty by 86%, owning 92,078 shares valued at approximately $1.35 million after acquiring additional shares in the second quarter.
• Insider Blayne Rhynsburger sold 3,600 shares at an average price of $13.74, resulting in a 7.62% decrease in their ownership.
• Kimbell Royalty recently reported a net loss with earnings of $0.02 per share, missing analysts' expectations, despite a 12.9% increase in revenue year-over-year.

Mutual Advisors LLC boosted its stake in shares of Kimbell Royalty (NYSE:KRP - Free Report) by 86.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,078 shares of the energy company's stock after acquiring an additional 42,586 shares during the quarter. Mutual Advisors LLC owned 0.09% of Kimbell Royalty worth $1,354,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new stake in shares of Kimbell Royalty in the first quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of Kimbell Royalty during the first quarter worth approximately $34,000. Hilltop National Bank purchased a new stake in shares of Kimbell Royalty during the second quarter worth approximately $42,000. Chilton Capital Management LLC purchased a new stake in shares of Kimbell Royalty during the first quarter worth approximately $44,000. Finally, MAI Capital Management increased its position in shares of Kimbell Royalty by 4,300.0% during the first quarter. MAI Capital Management now owns 4,400 shares of the energy company's stock worth $62,000 after purchasing an additional 4,300 shares in the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Blayne Rhynsburger sold 3,600 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the completion of the transaction, the insider directly owned 43,663 shares of the company's stock, valued at $599,929.62. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is currently owned by insiders.

Kimbell Royalty Price Performance

KRP stock opened at $12.85 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.45 and a quick ratio of 5.45. The firm has a market capitalization of $1.39 billion, a P/E ratio of -321.13 and a beta of 0.45. The business's 50-day moving average is $13.65 and its two-hundred day moving average is $13.53. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.99.

Kimbell Royalty (NYSE:KRP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). The company had revenue of $86.55 million during the quarter, compared to analyst estimates of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. Kimbell Royalty's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. Analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.8%. The ex-dividend date of this dividend was Monday, August 18th. Kimbell Royalty's dividend payout ratio (DPR) is -3,800.00%.

Wall Street Analyst Weigh In

KRP has been the topic of a number of recent research reports. KeyCorp lowered their price objective on Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Zacks Research lowered Kimbell Royalty from a "hold" rating to a "strong sell" rating in a research note on Monday, September 29th. Wall Street Zen lowered Kimbell Royalty from a "buy" rating to a "hold" rating in a research note on Sunday, September 28th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Kimbell Royalty in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $17.20.

About Kimbell Royalty

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