Yaupon Capital Management LP Buys New Position in Kimbell Royalty $KRP

Key Points

• Yaupon Capital Management LP has acquired a new position in Kimbell Royalty, purchasing 450,000 shares worth approximately $6.3 million, representing about 0.42% of the company's stock.
• Recent analyst ratings for Kimbell Royalty have been mixed, with KeyCorp lowering its price target from $18.00 to $17.00, and one analyst replacing a "buy" rating with a "hold" rating.
• Kimbell Royalty announced a quarterly dividend of $0.38, resulting in a dividend yield of 11.3%, despite a significant payout ratio of -3,800.00%.

Yaupon Capital Management LP purchased a new position in shares of Kimbell Royalty (NYSE:KRP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 450,000 shares of the energy company's stock, valued at approximately $6,300,000. Yaupon Capital Management LP owned about 0.42% of Kimbell Royalty at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. increased its holdings in shares of Kimbell Royalty by 604.9% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company's stock valued at $23,683,000 after purchasing an additional 1,451,666 shares in the last quarter. Ghisallo Capital Management LLC purchased a new position in shares of Kimbell Royalty during the 1st quarter valued at approximately $10,150,000. Epoch Investment Partners Inc. increased its holdings in shares of Kimbell Royalty by 222.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company's stock valued at $9,414,000 after purchasing an additional 464,142 shares in the last quarter. Energy Income Partners LLC increased its holdings in shares of Kimbell Royalty by 231.4% during the 1st quarter. Energy Income Partners LLC now owns 585,969 shares of the energy company's stock valued at $8,204,000 after purchasing an additional 409,175 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Kimbell Royalty by 15.1% during the 1st quarter. American Century Companies Inc. now owns 2,542,362 shares of the energy company's stock valued at $35,593,000 after purchasing an additional 334,009 shares in the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analysts Set New Price Targets

KRP has been the subject of several recent analyst reports. KeyCorp cut their price target on shares of Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, September 3rd. Zacks Research lowered shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Wall Street Zen lowered shares of Kimbell Royalty from a "buy" rating to a "hold" rating in a report on Monday, August 25th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kimbell Royalty has a consensus rating of "Hold" and a consensus price target of $17.20.

Kimbell Royalty Stock Performance

Shares of KRP traded down $0.17 during mid-day trading on Friday, reaching $13.53. 365,364 shares of the company's stock were exchanged, compared to its average volume of 405,062. The business's fifty day simple moving average is $14.18 and its 200-day simple moving average is $13.65. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.45 and a quick ratio of 5.45. The stock has a market capitalization of $1.46 billion, a PE ratio of -338.13 and a beta of 0.57.

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

Kimbell Royalty Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, August 18th. Kimbell Royalty's payout ratio is -3,800.00%.

Kimbell Royalty Company Profile