Kimbell Royalty (NYSE:KRP) Given Consensus Rating of "Hold" by 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%.

Kimbell Royalty (NYSE:KRP - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.40.

A number of research firms have recently issued reports on KRP. KeyCorp dropped their price objective on shares of 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 shares of Kimbell Royalty from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th.

Insider Activity

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total value of $26,540.00. Following the sale, the insider owned 47,263 shares in the company, valued at approximately $627,180.01. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Kimbell Royalty

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

Kimbell Royalty Stock Performance

Kimbell Royalty stock traded down $0.34 during mid-day trading on Friday, reaching $14.45. The company's stock had a trading volume of 422,702 shares, compared to its average volume of 767,018. The firm's fifty day moving average price is $14.15 and its two-hundred day moving average price is $13.98. The company has a market capitalization of $1.55 billion, a P/E ratio of 288.60 and a beta of 0.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.02 and a current ratio of 6.02. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $16.99.

Kimbell Royalty (NYSE:KRP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.10). Kimbell Royalty had a net margin of 5.25% and a return on equity of 9.69%. The business's revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. Sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Tuesday, May 20th were given a dividend of $0.47 per share. This is an increase from Kimbell Royalty's previous quarterly dividend of $0.40. This represents a $1.88 annualized dividend and a dividend yield of 13.0%. The ex-dividend date was Tuesday, May 20th. Kimbell Royalty's dividend payout ratio is presently 3,760.00%.

About Kimbell Royalty