Kimbell Royalty (NYSE:KRP) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus rating of Hold on Kimbell Royalty (three hold, two buy) with an average 12‑month target price of $17.33.
• The company raised its quarterly dividend to $0.37 (annualized $1.48, ~9.5% yield) and authorized a $100 million share repurchase program to buy up to about 6.4% of outstanding shares.
• Kimbell beat its latest quarter — EPS $0.21 vs. $0.14 estimate and revenue $82.45M (up 23.7% year‑over‑year) — and analysts expect roughly $1.00 EPS for the current year.

Kimbell Royalty (NYSE:KRP - Get Free Report) has received a consensus recommendation of "Hold" from the five brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.3333.

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Kimbell Royalty from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Zacks Research lowered shares of Kimbell Royalty from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 22nd. KeyCorp upgraded shares of Kimbell Royalty from a "sector weight" rating to an "overweight" rating and set a $17.00 price target for the company in a research report on Thursday, April 2nd. Citigroup upped their price objective on shares of Kimbell Royalty from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. Finally, Weiss Ratings raised shares of Kimbell Royalty from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, April 29th.

Insiders Place Their Bets

In related news, insider Blayne Rhynsburger sold 6,609 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.48, for a total value of $95,698.32. Following the completion of the sale, the insider owned 75,163 shares of the company's stock, valued at $1,088,360.24. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Kimbell Royalty

Several institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its holdings in Kimbell Royalty by 441.0% in the first quarter. Hsbc Holdings PLC now owns 84,476 shares of the energy company's stock worth $1,236,000 after purchasing an additional 68,861 shares during the period. Kestra Advisory Services LLC lifted its holdings in Kimbell Royalty by 9.8% in the first quarter. Kestra Advisory Services LLC now owns 42,569 shares of the energy company's stock worth $616,000 after purchasing an additional 3,782 shares during the period. Azzad Asset Management Inc. ADV acquired a new stake in Kimbell Royalty in the first quarter worth about $175,000. Ascentis Independent Advisors acquired a new stake in Kimbell Royalty in the first quarter worth about $60,000. Finally, HB Wealth Management LLC acquired a new stake in Kimbell Royalty in the 1st quarter valued at about $145,000. Institutional investors and hedge funds own 25.78% of the company's stock.

Kimbell Royalty Stock Up 1.0%

Kimbell Royalty stock opened at $15.62 on Tuesday. The company has a 50-day simple moving average of $14.53 and a 200-day simple moving average of $13.41. The firm has a market capitalization of $1.68 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.66 and a beta of 0.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.64 and a current ratio of 8.64. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.63.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The energy company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The business had revenue of $82.45 million during the quarter, compared to analyst estimates of $76.78 million. Kimbell Royalty had a net margin of 26.43% and a return on equity of 13.73%. The company's quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. As a group, equities analysts expect that Kimbell Royalty will post 1 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 18th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This is an increase from Kimbell Royalty's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 9.5%. Kimbell Royalty's dividend payout ratio is currently 238.71%.

Kimbell Royalty announced that its board has authorized a stock repurchase program on Monday, March 9th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the energy company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Kimbell Royalty Company Profile

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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