Kimbell Royalty (NYSE:KRP) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Kimbell Royalty (NYSE:KRP) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings upgraded Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. Citigroup lowered their price objective on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Mizuho cut their target price on Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. KeyCorp reissued a “sector weight” rating on shares of Kimbell Royalty in a research note on Monday, November 24th. Finally, Zacks Research cut Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.00.

Kimbell Royalty Stock Performance

Shares of NYSE KRP opened at $14.41 on Friday. The firm has a fifty day moving average price of $13.23 and a 200-day moving average price of $13.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.64 and a quick ratio of 5.39. The stock has a market cap of $1.55 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 3.64 and a beta of 0.30. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $15.12.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. Kimbell Royalty had a net margin of 26.43% and a return on equity of 13.73%. The firm had revenue of $82.45 million for the quarter, compared to the consensus estimate of $76.78 million. During the same period last year, the firm earned ($0.48) EPS. The company’s revenue was up 23.7% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.37 per share. This is a boost from Kimbell Royalty’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $1.48 annualized dividend and a dividend yield of 10.3%. Kimbell Royalty’s payout ratio is currently 225.81%.

Institutional Investors Weigh In On Kimbell Royalty

Large investors have recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Kimbell Royalty during the second quarter valued at approximately $56,000. State of Wyoming purchased a new position in Kimbell Royalty during the 3rd quarter valued at approximately $62,000. EverSource Wealth Advisors LLC increased its stake in Kimbell Royalty by 29.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock worth $64,000 after acquiring an additional 1,250 shares during the last quarter. Marex Group plc bought a new stake in Kimbell Royalty in the 4th quarter worth approximately $118,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Kimbell Royalty during the 4th quarter worth approximately $120,000. 25.78% of the stock is owned by institutional investors.

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.