Kimbell Royalty (NYSE:KRP) Insider Sells $68,221.92 in Stock

Key Points

• Insider sale: Blayne Rhynsburger sold 4,524 Kimbell Royalty shares for $68,221.92, reducing their stake by 6.02% to 70,639 shares.
• Strong quarterly results: Kimbell reported $0.40 in quarterly EPS and $112.48 million in revenue, exceeding analyst estimates, while revenue increased 29.9% year over year.
• Higher dividend and mixed outlook: The quarterly dividend rose to $0.47 per share, implying a 12.4% annualized yield. Analysts’ average rating remains “Hold,” with an $18.00 target price despite mixed recommendations.

Kimbell Royalty (NYSE:KRP - Get Free Report) insider Blayne Rhynsburger sold 4,524 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total transaction of $68,221.92. Following the transaction, the insider owned 70,639 shares of the company's stock, valued at approximately $1,065,236.12. This represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kimbell Royalty Price Performance

Shares of KRP stock traded up $0.12 during trading hours on Thursday, hitting $15.22. The company had a trading volume of 615,637 shares, compared to its average volume of 784,455. Kimbell Royalty has a 12 month low of $11.31 and a 12 month high of $15.80. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.11 and a beta of 0.30. The firm's fifty day moving average is $14.86 and its 200 day moving average is $14.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.30 and a current ratio of 7.30.

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

Kimbell Royalty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, August 17th. This is a boost from Kimbell Royalty's previous quarterly dividend of $0.41. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.4%. Kimbell Royalty's dividend payout ratio (DPR) is 223.81%.

Institutional Investors Weigh In On Kimbell Royalty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Kimbell Royalty by 9.4% in the fourth quarter. UBS Group AG now owns 1,009,057 shares of the energy company's stock worth $11,867,000 after purchasing an additional 86,957 shares during the period. Gabelli Funds LLC lifted its position in Kimbell Royalty by 47.7% during the 4th quarter. Gabelli Funds LLC now owns 240,000 shares of the energy company's stock valued at $2,822,000 after purchasing an additional 77,500 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Kimbell Royalty in the 1st quarter valued at about $7,405,000. Pingora Partners LLC boosted its stake in shares of Kimbell Royalty by 267.0% in the 4th quarter. Pingora Partners LLC now owns 98,076 shares of the energy company's stock valued at $1,153,000 after purchasing an additional 71,350 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Kimbell Royalty by 441.0% during the 1st quarter. Hsbc Holdings PLC now owns 84,476 shares of the energy company's stock worth $1,236,000 after buying an additional 68,861 shares during the period. Institutional investors and hedge funds own 25.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KRP shares. Weiss Ratings upgraded shares of Kimbell Royalty from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. Royal Bank Of Canada initiated coverage on shares of Kimbell Royalty in a research note on Friday, May 29th. They issued an "outperform" rating and a $20.00 target price for the company. Zacks Research downgraded Kimbell Royalty from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded Kimbell Royalty from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kimbell Royalty has an average rating of "Hold" and an average target price of $18.00.

About Kimbell Royalty

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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