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

Key Points

• Kimbell Royalty has received a consensus recommendation of "Hold" from five analysts, with a target price of $17.40 for the stock.
• The company recently increased its quarterly dividend to $0.47 per share, reflecting a significant dividend yield of 12.7%.
• Insider Blayne Rhynsburger sold 2,000 shares of the company for $26,540, decreasing their ownership stake by 4.06%.

Shares of Kimbell Royalty (NYSE:KRP - Get Free Report) have been assigned an average recommendation of "Hold" from the five ratings firms that are covering the firm, MarketBeat.com reports. One equities 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 12-month target price among brokers that have issued a report on the stock in the last year is $17.40.

A number of brokerages have issued reports on KRP. KeyCorp decreased their price target on Kimbell Royalty from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Wall Street Zen raised Kimbell Royalty from a "hold" rating to a "buy" rating in a report on Sunday, June 29th.

Insider Buying and Selling at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total transaction of $26,540.00. Following the completion of the transaction, the insider directly owned 47,263 shares of the company's stock, valued at $627,180.01. This represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KRP. Bessemer Group Inc. acquired a new position in shares of Kimbell Royalty during the 1st quarter worth approximately $29,000. Lowe Wealth Advisors LLC acquired a new position in Kimbell Royalty in the 1st quarter valued at $34,000. GAMMA Investing LLC acquired a new position in Kimbell Royalty in the 1st quarter valued at $34,000. Hilltop National Bank acquired a new position in Kimbell Royalty in the 2nd quarter valued at $42,000. Finally, Chilton Capital Management LLC acquired a new position in Kimbell Royalty in the 1st quarter valued at $44,000. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Price Performance

Shares of NYSE KRP opened at $14.76 on Friday. The business's 50 day moving average price is $14.05 and its 200 day moving average price is $13.99. The firm has a market cap of $1.58 billion, a P/E ratio of 295.20 and a beta of 0.52. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $16.99. The company has a quick ratio of 6.02, a current ratio of 6.02 and a debt-to-equity ratio of 0.44.

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

Kimbell Royalty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 12.7%. The ex-dividend date of this dividend was Tuesday, May 20th. This is a positive change from Kimbell Royalty's previous quarterly dividend of $0.40. Kimbell Royalty's dividend payout ratio is currently 3,760.00%.

Kimbell Royalty Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.