Kimbell Royalty (NYSE:KRP) Receives Average Recommendation of "Hold" from Brokerages

Shares of Kimbell Royalty (NYSE:KRP - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.40.

A number of equities analysts have weighed in on the stock. Mizuho assumed coverage on shares of Kimbell Royalty in a research note on Monday, March 31st. They set a "neutral" rating and a $16.00 target price for the company. KeyCorp decreased their target price on shares of Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Wall Street Zen raised shares of Kimbell Royalty from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, Royal Bank Of Canada raised shares of Kimbell Royalty to a "moderate buy" rating in a research note on Friday, March 14th.

Insider Buying and Selling at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 2,000 shares of Kimbell Royalty stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total transaction of $26,540.00. Following the transaction, the insider owned 47,263 shares in the company, valued at approximately $627,180.01. The trade was a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.60% of the company's stock.

Institutional Trading of Kimbell Royalty

Hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. bought a new stake in shares of Kimbell Royalty in the 1st quarter worth about $29,000. PNC Financial Services Group Inc. bought a new stake in shares of Kimbell Royalty in the 4th quarter worth about $32,000. Lowe Wealth Advisors LLC bought a new stake in shares of Kimbell Royalty in the 1st quarter worth about $34,000. GAMMA Investing LLC bought a new stake in shares of Kimbell Royalty in the 1st quarter worth about $34,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Kimbell Royalty by 293.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company's stock worth $44,000 after buying an additional 2,028 shares during the last quarter. Hedge funds and other institutional investors own 25.78% of the company's stock.

Kimbell Royalty Stock Up 1.0%

KRP traded up $0.14 on Wednesday, hitting $14.21. The company had a trading volume of 250,987 shares, compared to its average volume of 631,510. The company has a debt-to-equity ratio of 0.44, a current ratio of 6.02 and a quick ratio of 6.02. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $17.07. The stock has a fifty day simple moving average of $13.58 and a 200-day simple moving average of $14.16. The firm has a market capitalization of $1.52 billion, a P/E ratio of 284.10, a P/E/G ratio of 6.93 and a beta of 0.51.

Kimbell Royalty (NYSE:KRP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. Kimbell Royalty had a net margin of 5.25% and a return on equity of 9.69%. The business had revenue of $84.21 million during the quarter, compared to analyst estimates of $84.05 million. During the same period last year, the business posted $0.04 earnings per share. Kimbell Royalty's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts expect that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 20th were issued a $0.47 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.88 annualized dividend and a yield of 13.23%. This is a boost from Kimbell Royalty's previous quarterly dividend of $0.40. Kimbell Royalty's dividend payout ratio (DPR) is currently 3,760.00%.

About Kimbell Royalty