U.S. Capital Wealth Advisors LLC Has $6.17 Million Stock Holdings in Kimbell Royalty $KRP

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in Kimbell Royalty by 14.2%, owning 441,657 shares worth approximately $6.17 million, according to its latest SEC filing.
• Kimbell Royalty recently reported a net earnings miss at $0.02 EPS, falling short of analysts' expectations, despite achieving revenue of $86.55 million, which is a 12.9% year-over-year increase.
• The company announced a quarterly dividend of $0.38 per share, which represents an annualized dividend yield of 11.2%, despite having a steep dividend payout ratio of -3,800.00%.

U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Kimbell Royalty (NYSE:KRP - Free Report) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,657 shares of the energy company's stock after purchasing an additional 54,773 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.41% of Kimbell Royalty worth $6,166,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Kimbell Royalty by 43.0% during the 4th quarter. Northern Trust Corp now owns 41,658 shares of the energy company's stock worth $676,000 after buying an additional 12,532 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Kimbell Royalty by 37.8% during the 4th quarter. Cetera Investment Advisers now owns 16,418 shares of the energy company's stock valued at $266,000 after acquiring an additional 4,506 shares during the period. Vident Advisory LLC boosted its stake in Kimbell Royalty by 6.0% during the fourth quarter. Vident Advisory LLC now owns 30,815 shares of the energy company's stock worth $500,000 after acquiring an additional 1,747 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Kimbell Royalty by 760.0% during the fourth quarter. Sunbelt Securities Inc. now owns 6,450 shares of the energy company's stock worth $104,000 after acquiring an additional 5,700 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Kimbell Royalty by 13.7% in the fourth quarter. California State Teachers Retirement System now owns 59,276 shares of the energy company's stock worth $962,000 after purchasing an additional 7,144 shares during the period. 25.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimbell Royalty

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. KeyCorp dropped their price objective on shares of Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, September 3rd. Zacks Research downgraded Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen upgraded Kimbell Royalty from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.20.

Kimbell Royalty Stock Up 1.4%

Shares of NYSE:KRP opened at $13.56 on Tuesday. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.99. The company has a market capitalization of $1.46 billion, a PE ratio of -339.00 and a beta of 0.57. The business has a fifty day moving average price of $14.09 and a two-hundred day moving average price of $13.61. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.45 and a quick ratio of 5.45.

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

Kimbell Royalty Cuts Dividend

The business 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 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, August 18th. Kimbell Royalty's dividend payout ratio is currently -3,800.00%.

About Kimbell Royalty

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