Yaupon Capital Management LP Makes New Investment 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 bought a new position in shares of Kimbell Royalty (NYSE:KRP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in shares of Kimbell Royalty in the 1st quarter worth approximately $29,000. GAMMA Investing LLC acquired a new position in shares of Kimbell Royalty in the 1st quarter worth approximately $34,000. Lowe Wealth Advisors LLC acquired a new position in shares of Kimbell Royalty in the 1st quarter worth approximately $34,000. Chilton Capital Management LLC acquired a new position in shares of Kimbell Royalty in the 1st quarter worth approximately $44,000. Finally, MAI Capital Management lifted its position in shares of Kimbell Royalty by 4,300.0% in the 1st quarter. MAI Capital Management now owns 4,400 shares of the energy company's stock worth $62,000 after purchasing an additional 4,300 shares during the period. Institutional investors and hedge funds own 25.78% of the company's stock.

Kimbell Royalty Stock Down 1.2%

Shares of Kimbell Royalty stock traded down $0.17 during trading on Friday, reaching $13.53. 365,364 shares of the company traded hands, compared to its average volume of 405,062. 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 has a 1-year low of $10.98 and a 1-year high of $16.99. The company has a 50 day moving average price of $14.18 and a 200-day moving average price of $13.66. The firm 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 released its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The company had revenue of $86.55 million for the quarter, compared to analyst estimates of $79.77 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm's revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts expect that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

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

Insiders Place Their Bets

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 3,600 shares of the company's stock in a transaction 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 transaction, the insider owned 43,663 shares in the company, valued at approximately $599,929.62. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.60% of the company's stock.

Analyst Ratings Changes

KRP has been the topic of a number of recent analyst reports. KeyCorp dropped their price target on shares of Kimbell Royalty from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Wall Street Zen downgraded shares of Kimbell Royalty from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Zacks Research downgraded shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Kimbell Royalty currently has an average rating of "Hold" and an average target price of $17.20.

Kimbell Royalty Profile