Kimbell Royalty (NYSE:KRP) Insider Sells $68,221.92 in 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 value of $68,221.92. Following the sale, the insider owned 70,639 shares in the company, valued at $1,065,236.12. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kimbell Royalty Stock Performance

NYSE:KRP opened at $14.90 on Friday. The company has a market capitalization of $1.71 billion, a P/E ratio of 17.74 and a beta of 0.30. Kimbell Royalty has a 1 year low of $11.31 and a 1 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. The business has a fifty day simple moving average of $14.87 and a two-hundred day simple moving average of $14.76.

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

Kimbell Royalty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $0.47 dividend. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend was Monday, August 17th. Kimbell Royalty’s payout ratio is currently 223.81%.

Analyst Upgrades and Downgrades

KRP has been the topic of several analyst reports. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research downgraded Kimbell Royalty from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Weiss Ratings raised shares of Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Royal Bank Of Canada assumed coverage on Kimbell Royalty in a research note on Friday, May 29th. They issued an “outperform” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kimbell Royalty presently has an average rating of “Hold” and a consensus target price of $18.00.

Institutional Trading of Kimbell Royalty

Several institutional investors and hedge funds have recently made changes to their positions in KRP. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Kimbell Royalty in the 2nd quarter worth $594,000. California State Teachers Retirement System increased its holdings in Kimbell Royalty by 1,353.0% in the second quarter. California State Teachers Retirement System now owns 1,184,849 shares of the energy company’s stock valued at $17,216,000 after buying an additional 1,103,304 shares in the last quarter. Legacy Wealth Managment LLC ID increased its holdings in Kimbell Royalty by 249.6% in the second quarter. Legacy Wealth Managment LLC ID now owns 14,654 shares of the energy company’s stock valued at $213,000 after buying an additional 10,462 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Kimbell Royalty during the 2nd quarter valued at approximately $192,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Kimbell Royalty in the 2nd quarter worth approximately $1,590,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

About Kimbell Royalty

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.