49,492 Shares in Kimbell Royalty (NYSE:KRP) Bought by Mutual Advisors LLC

Mutual Advisors LLC bought a new stake in shares of Kimbell Royalty (NYSE:KRP - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 49,492 shares of the energy company's stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRP. Bessemer Group Inc. acquired a new position in Kimbell Royalty during the 1st quarter valued at approximately $29,000. LPL Financial LLC lifted its stake in Kimbell Royalty by 18.2% in the fourth quarter. LPL Financial LLC now owns 284,626 shares of the energy company's stock valued at $4,619,000 after buying an additional 43,852 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Kimbell Royalty during the fourth quarter valued at $1,948,000. Raymond James Financial Inc. bought a new position in shares of Kimbell Royalty during the fourth quarter worth about $30,449,000. Finally, Barclays PLC lifted its position 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 purchasing an additional 174,066 shares during the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Trading Down 0.1%

Shares of NYSE KRP traded down $0.01 during mid-day trading on Thursday, hitting $14.09. 240,163 shares of the company traded hands, compared to its average volume of 815,293. 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 1 year low of $10.98 and a 1 year high of $17.07. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 281.78, a PEG ratio of 7.00 and a beta of 0.51. The business has a 50 day moving average of $13.54 and a two-hundred day moving average of $14.17.

Kimbell Royalty (NYSE:KRP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share for the quarter, topping 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 company had revenue of $84.21 million during the quarter, compared to analysts' expectations of $84.05 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The business's quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Increases Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, May 20th. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.34%. Kimbell Royalty's payout ratio is 3,760.00%.

Wall Street Analysts Forecast Growth

KRP has been the subject of several analyst reports. Royal Bank Of Canada upgraded Kimbell Royalty to a "moderate buy" rating in a research report on Friday, March 14th. Wall Street Zen raised Kimbell Royalty from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Mizuho initiated coverage on shares of Kimbell Royalty in a research note on Monday, March 31st. They set a "neutral" rating and a $16.00 price objective on the stock. Finally, KeyCorp decreased their target price 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. 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.40.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were 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 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 document filed with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.

Kimbell Royalty Company Profile