Kimbell Royalty (NYSE:KRP) Cut to Hold at Wall Street Zen

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

Other analysts have also issued reports about the stock. Mizuho upped their price target on shares of Kimbell Royalty from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday. Zacks Research upgraded shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. KeyCorp reiterated a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Finally, Weiss Ratings lowered Kimbell Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $17.40.

Kimbell Royalty Stock Down 4.0%

Kimbell Royalty stock opened at $11.78 on Friday. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $13.00 and a 200 day simple moving average of $13.64. The company has a market cap of $1.27 billion, a P/E ratio of -168.33 and a beta of 0.33. Kimbell Royalty has a 1-year low of $10.98 and a 1-year high of $16.59.

Kimbell Royalty (NYSE:KRP) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. Kimbell Royalty had a return on equity of 12.51% and a net margin of 10.66%.The firm had revenue of $80.62 million during the quarter, compared to analysts’ expectations of $82.68 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Research analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 11.9%. The ex-dividend date was Monday, November 17th. Kimbell Royalty’s dividend payout ratio (DPR) is currently -2,000.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. increased its stake in Kimbell Royalty by 604.9% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company’s stock valued at $23,683,000 after acquiring an additional 1,451,666 shares during the period. Ghisallo Capital Management LLC acquired a new stake in shares of Kimbell Royalty during the 1st quarter worth approximately $10,150,000. Epoch Investment Partners Inc. increased its position in shares of Kimbell Royalty by 222.8% during the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company’s stock valued at $9,414,000 after purchasing an additional 464,142 shares during the period. Yaupon Capital Management LP acquired a new position in shares of Kimbell Royalty in the first quarter valued at $6,300,000. Finally, Energy Income Partners LLC lifted its position in Kimbell Royalty by 231.4% in the first quarter. Energy Income Partners LLC now owns 585,969 shares of the energy company’s stock worth $8,204,000 after purchasing an additional 409,175 shares during the period. Institutional investors and hedge funds own 25.78% of the company’s stock.

About Kimbell Royalty