UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New $1.59 Million Investment in Kimbell Royalty $KRP

Key Points

• UBS Asset Management bought 109,441 shares of Kimbell Royalty in the second quarter, valued at approximately $1.59 million and representing a 0.10% stake. Institutional ownership reached 25.78%, with VanEck increasing its holdings by 329.4%.
• Kimbell Royalty reported stronger-than-expected quarterly results, with earnings of $0.40 per share versus the $0.23 consensus estimate and revenue up 29.9% year over year to $112.48 million.
• The company raised its quarterly dividend to $0.47, implying an annualized yield of 12.6%. Analysts assign the stock a consensus “Moderate Buy” rating with an average price target of $18, compared with a recent price of $14.89.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Kimbell Royalty (NYSE:KRP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 109,441 shares of the energy company's stock, valued at approximately $1,590,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Kimbell Royalty as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in shares of Kimbell Royalty by 329.4% in the 2nd quarter. Van ECK Associates Corp now owns 3,627,850 shares of the energy company's stock worth $52,713,000 after purchasing an additional 2,783,040 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Kimbell Royalty during the second quarter valued at $8,432,000. First Bancorp Inc ME bought a new position in shares of Kimbell Royalty during the second quarter worth about $90,000. Oxbow Advisors LLC bought a new position in shares of Kimbell Royalty during the second quarter worth about $5,928,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Kimbell Royalty in the 2nd quarter worth about $151,000. 25.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on KRP shares. Zacks Research upgraded shares of Kimbell Royalty from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 1st. Royal Bank Of Canada started coverage on Kimbell Royalty in a report on Friday, May 29th. They set an "outperform" rating and a $20.00 price target on the stock. Weiss Ratings upgraded Kimbell Royalty from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Finally, Wall Street Zen raised Kimbell Royalty from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Kimbell Royalty Stock Down 1.4%

KRP opened at $14.89 on Friday. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.30 and a current ratio of 7.30. The stock's fifty day moving average is $14.93 and its 200-day moving average is $14.82. The company has a market capitalization of $1.71 billion, a PE ratio of 17.73 and a beta of 0.31.

Kimbell Royalty (NYSE:KRP - Get Free Report) last announced its earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share 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 business had revenue of $112.48 million during the quarter, compared to analysts' expectations of $93.45 million. During the same quarter last year, the business posted $0.02 earnings per share. The company's quarterly revenue was up 29.9% on a year-over-year basis. On average, equities analysts predict that Kimbell Royalty will post 0.81 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.88 annualized dividend and a dividend yield of 12.6%. This is an increase from Kimbell Royalty's previous quarterly dividend of $0.41. Kimbell Royalty's dividend payout ratio is presently 223.81%.

Insider Activity at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 4,524 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $15.08, for a total transaction of $68,221.92. Following the completion of the sale, the insider directly owned 70,639 shares in the company, valued at approximately $1,065,236.12. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.60% of the stock is owned by insiders.

Kimbell Royalty Profile

Kimbell Royalty Partners, LP NYSE: KRP is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The partnership primarily generates revenue from its share of production and lease payments associated with properties developed and operated by third-party exploration and production companies.

Kimbell's assets include mineral, overriding royalty, nonparticipating royalty and working interests. Its portfolio provides exposure to several major U.S.

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