Analysts Set Kimbell Royalty (NYSE:KRP) PT at $17.40

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

A number of equities analysts recently issued reports on KRP shares. Mizuho started coverage on Kimbell Royalty in a report on Monday, March 31st. They set a "neutral" rating and a $16.00 price objective for the company. KeyCorp dropped their price objective on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Royal Bank Of Canada upgraded Kimbell Royalty to a "moderate buy" rating in a report on Friday, March 14th. Finally, Wall Street Zen upgraded Kimbell Royalty from a "hold" rating to a "buy" rating in a report on Sunday, June 29th.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total value of $26,540.00. Following the completion of the transaction, the insider directly owned 47,263 shares of the company's stock, valued at approximately $627,180.01. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. raised its position in shares of Kimbell Royalty by 30.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,287 shares of the energy company's stock worth $70,000 after acquiring an additional 1,000 shares in the last quarter. Virtus ETF Advisers LLC increased its position in Kimbell Royalty by 10.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company's stock valued at $179,000 after buying an additional 1,035 shares in the last quarter. Wedbush Securities Inc. increased its position in Kimbell Royalty by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 38,930 shares of the energy company's stock valued at $632,000 after buying an additional 1,298 shares in the last quarter. Ruggaard & Associates LLC increased its position in Kimbell Royalty by 12.4% during the 1st quarter. Ruggaard & Associates LLC now owns 11,790 shares of the energy company's stock valued at $165,000 after buying an additional 1,300 shares in the last quarter. Finally, AlphaCore Capital LLC increased its position in Kimbell Royalty by 0.9% during the 4th quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company's stock valued at $2,421,000 after buying an additional 1,350 shares in the last quarter. 25.78% of the stock is owned by institutional investors.

Kimbell Royalty Trading Down 0.9%

Shares of NYSE KRP traded down $0.13 during trading hours on Wednesday, hitting $14.10. 236,170 shares of the company traded hands, compared to its average volume of 632,424. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 282.00, a price-to-earnings-growth ratio of 6.86 and a beta of 0.51. The company has a current ratio of 6.02, a quick ratio of 6.02 and a debt-to-equity ratio of 0.44. The company's 50 day moving average price is $13.49 and its 200 day moving average price is $14.17. Kimbell Royalty has a 12 month low of $10.98 and a 12 month high of $17.07.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $84.21 million for the quarter, compared to the consensus estimate of $84.05 million. Kimbell Royalty had a return on equity of 9.69% and a net margin of 5.25%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. On average, equities research analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 13.33%. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, May 20th. Kimbell Royalty's payout ratio is presently 3,760.00%.

About Kimbell Royalty