Mutual Advisors LLC Takes $693,000 Position in Kimbell Royalty (NYSE:KRP)

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

A number of other hedge funds also recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its holdings in shares of Kimbell Royalty by 293.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company's stock valued at $44,000 after acquiring an additional 2,028 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Kimbell Royalty by 16.2% in the 4th quarter. Arizona State Retirement System now owns 19,973 shares of the energy company's stock valued at $324,000 after acquiring an additional 2,778 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Kimbell Royalty in the 4th quarter valued at about $30,449,000. PNC Financial Services Group Inc. purchased a new position in shares of Kimbell Royalty in the 4th quarter valued at about $32,000. Finally, King Luther Capital Management Corp grew its stake in Kimbell Royalty by 0.5% during the 4th quarter. King Luther Capital Management Corp now owns 443,119 shares of the energy company's stock worth $7,192,000 after buying an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Kimbell Royalty Price Performance

Shares of NYSE KRP traded down $0.19 during trading on Monday, reaching $13.96. The company had a trading volume of 726,935 shares, compared to its average volume of 634,182. Kimbell Royalty has a twelve month low of $10.98 and a twelve month high of $17.07. The stock has a market capitalization of $1.49 billion, a PE ratio of 279.20, a price-to-earnings-growth ratio of 6.96 and a beta of 0.51. The stock has a 50-day moving average price of $13.43 and a two-hundred day moving average price of $14.18. The company has a current ratio of 6.02, a quick ratio of 6.02 and a debt-to-equity ratio of 0.44.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released 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 period in the previous year, the firm posted $0.04 earnings per share. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th were given a $0.47 dividend. 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 13.47%. This is an increase from Kimbell Royalty's previous quarterly dividend of $0.40. Kimbell Royalty's payout ratio is currently 3,760.00%.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of Kimbell Royalty stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total value of $26,540.00. Following the completion of the sale, the insider owned 47,263 shares of the company's stock, valued at $627,180.01. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Kimbell Royalty Profile