Oxbow Advisors LLC Invests $5.93 Million in Kimbell Royalty $KRP

Key Points

• Oxbow Advisors LLC acquired 407,988 shares of Kimbell Royalty worth approximately $5.93 million, representing about 0.38% of the company. Institutional investors collectively own 25.78% of KRP.
• Kimbell Royalty reported quarterly EPS of $0.40, beating estimates of $0.23, while revenue rose 29.9% year over year to $112.48 million.
• The company increased its quarterly dividend to $0.47 per share, implying an annualized yield of approximately 12.6%. Analyst sentiment remains mixed, with a consensus rating of “Hold” and an $18 price target.

Oxbow Advisors LLC acquired a new position in shares of Kimbell Royalty (NYSE:KRP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 407,988 shares of the energy company's stock, valued at approximately $5,928,000. Oxbow Advisors LLC owned about 0.38% of Kimbell Royalty at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KRP. Bridgewealth Advisory Group LLC increased its position in Kimbell Royalty by 5.7% during the fourth quarter. Bridgewealth Advisory Group LLC now owns 14,934 shares of the energy company's stock worth $176,000 after buying an additional 810 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Kimbell Royalty by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 193,021 shares of the energy company's stock worth $2,270,000 after acquiring an additional 840 shares during the last quarter. Centaurus Financial Inc. lifted its position in shares of Kimbell Royalty by 5.0% in the third quarter. Centaurus Financial Inc. now owns 17,999 shares of the energy company's stock valued at $243,000 after acquiring an additional 852 shares in the last quarter. Ruggaard & Associates LLC lifted its position in shares of Kimbell Royalty by 8.1% in the second quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company's stock valued at $178,000 after acquiring an additional 950 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its stake in shares of Kimbell Royalty by 4.2% during the first quarter. Hilltop Holdings Inc. now owns 25,000 shares of the energy company's stock valued at $362,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 25.78% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on KRP shares. Weiss Ratings reissued a "hold (c)" rating on shares of Kimbell Royalty in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Kimbell Royalty from a "hold" rating to a "buy" rating in a research note on Saturday. Royal Bank Of Canada assumed coverage on shares of Kimbell Royalty in a research note on Friday, May 29th. They set an "outperform" rating and a $20.00 price target on the stock. Finally, Zacks Research downgraded shares of Kimbell Royalty from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.00.

Kimbell Royalty Price Performance

KRP stock opened at $14.88 on Wednesday. Kimbell Royalty has a 52-week low of $11.31 and a 52-week high of $15.80. The stock's fifty day simple moving average is $14.84 and its 200-day simple moving average is $14.67. The company has a quick ratio of 7.30, a current ratio of 7.30 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.72 and a beta of 0.30.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its earnings results on Friday, August 7th. The energy company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.23 by $0.17. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.The firm had revenue of $112.48 million during the quarter, compared to analyst estimates of $93.45 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The business's quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts expect that Kimbell Royalty will post 0.81 EPS for the current year.

Kimbell Royalty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be issued a $0.47 dividend. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.41. The ex-dividend date is Monday, August 17th. This represents a $1.88 annualized dividend and a yield of 12.6%. Kimbell Royalty's dividend payout ratio (DPR) is presently 195.24%.

Kimbell Royalty Profile

Kimbell Royalty Partners LP NYSE: KRP is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership's business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company's asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.

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