Kimbell Royalty (NYSE:KRP) Stock: Insider Blayne Rhynsburger Sells 1,700 Shares

Kimbell Royalty (NYSE:KRP) insider Blayne Rhynsburger sold 1,700 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $14.31, for a total value of $24,327.00. Following the completion of the sale, the insider owned 68,939 shares of the company’s stock, valued at approximately $986,517.09. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Blayne Rhynsburger also recently made the following trade(s):

• On Tuesday, August 25th, Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock. The stock was sold at an average price of $15.08, for a total transaction of $68,221.92.

Kimbell Royalty Price Performance

Shares of KRP stock opened at $14.76 on Friday. The stock has a 50 day moving average price of $14.91 and a 200 day moving average price of $14.83. Kimbell Royalty has a 52-week low of $11.31 and a 52-week high of $15.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.30 and a current ratio of 7.30. The firm has a market capitalization of $1.69 billion, a P/E ratio of 17.58 and a beta of 0.31.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings data on Friday, August 7th. The energy company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.17. Kimbell Royalty had a net margin of 27.17% and a return on equity of 14.95%. The company had revenue of $112.48 million during the quarter, compared to analysts’ expectations of $93.45 million. During the same period in the previous year, the company earned $0.02 EPS. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. As a group, sell-side analysts predict that Kimbell Royalty will post 1.1 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a dividend of $0.47 per share. The ex-dividend date was Monday, August 17th. This represents a $1.88 annualized dividend and a dividend yield of 12.7%. This is a boost from Kimbell Royalty’s previous quarterly dividend of $0.41. Kimbell Royalty’s dividend payout ratio (DPR) is currently 223.81%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank Of Canada started coverage on Kimbell Royalty in a research report on Friday, May 29th. They set an “outperform” rating and a $20.00 target price on the stock. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Zacks Research upgraded shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, KeyCorp boosted their target price on shares of Kimbell Royalty from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.25.

Institutional Investors Weigh In On Kimbell Royalty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in Kimbell Royalty by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 41,479 shares of the energy company’s stock valued at $603,000 after purchasing an additional 4,518 shares during the period. State Street Corp lifted its position in shares of Kimbell Royalty by 58.6% during the 2nd quarter. State Street Corp now owns 146,932 shares of the energy company’s stock valued at $2,135,000 after buying an additional 54,288 shares in the last quarter. Tidal Investments LLC grew its stake in Kimbell Royalty by 11.2% in the 2nd quarter. Tidal Investments LLC now owns 64,413 shares of the energy company’s stock valued at $936,000 after acquiring an additional 6,479 shares during the period. WINTON GROUP Ltd grew its stake in Kimbell Royalty by 50.0% in the 2nd quarter. WINTON GROUP Ltd now owns 38,088 shares of the energy company’s stock valued at $553,000 after acquiring an additional 12,688 shares during the period. Finally, Engineers Gate Manager LP increased its holdings in Kimbell Royalty by 7.4% in the 2nd quarter. Engineers Gate Manager LP now owns 150,788 shares of the energy company’s stock worth $2,191,000 after acquiring an additional 10,385 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Company Profile

Kimbell Royalty Partners, LP (NYSE: KRP) is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The partnership primarily generates revenue from its share of production and lease payments associated with properties developed and operated by third-party exploration and production companies.

Kimbell’s assets include mineral, overriding royalty, nonparticipating royalty and working interests. Its portfolio provides exposure to several major U.S.