Blayne Rhynsburger Sells 4,524 Shares of Kimbell Royalty (NYSE:KRP) Stock

Kimbell Royalty (NYSE:KRP) insider Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total transaction of $68,221.92. Following the sale, the insider directly owned 70,639 shares of the company’s stock, valued at $1,065,236.12. This represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Kimbell Royalty Trading Up 0.8%

Shares of Kimbell Royalty stock traded up $0.12 on Thursday, hitting $15.22. 615,637 shares of the company’s stock traded hands, compared to its average volume of 784,455. The firm’s 50-day moving average price is $14.86 and its two-hundred day moving average price is $14.75. The stock has a market capitalization of $1.75 billion, a PE ratio of 18.11 and a beta of 0.30. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.80. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.30 and a quick ratio of 7.30.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.17. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.The business had revenue of $112.48 million for the quarter, compared to analyst estimates of $93.45 million. During the same period last year, the company earned $0.02 EPS. The firm’s revenue was up 29.9% on a year-over-year basis. On average, research analysts expect that Kimbell Royalty will post 0.81 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, August 17th. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 annualized dividend and a yield of 12.4%. Kimbell Royalty’s payout ratio is currently 223.81%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hilltop National Bank bought a new stake in shares of Kimbell Royalty in the second quarter worth about $44,000. Ascentis Independent Advisors acquired a new stake in shares of Kimbell Royalty during the first quarter worth about $60,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Kimbell Royalty by 29.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after purchasing an additional 1,250 shares in the last quarter. First Bancorp Inc ME bought a new position in shares of Kimbell Royalty during the 2nd quarter valued at about $90,000. Finally, State of Wyoming acquired a new position in shares of Kimbell Royalty in the 2nd quarter valued at approximately $135,000. 25.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KRP. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Royal Bank Of Canada initiated coverage on shares of Kimbell Royalty in a research report on Friday, May 29th. They issued an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings raised shares of Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Zacks Research cut shares of Kimbell Royalty from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.00.

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.