SG Americas Securities LLC Grows Position in Kimbell Royalty $KRP

SG Americas Securities LLC boosted its holdings in shares of Kimbell Royalty (NYSE:KRP) by 151.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,595 shares of the energy company’s stock after purchasing an additional 23,820 shares during the quarter. SG Americas Securities LLC’s holdings in Kimbell Royalty were worth $553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of Kimbell Royalty by 60.3% in the 2nd quarter. Nordea Investment Management AB now owns 183,024 shares of the energy company’s stock worth $2,544,000 after acquiring an additional 68,854 shares during the last quarter. Truist Financial Corp raised its position in Kimbell Royalty by 233.0% in the 2nd quarter. Truist Financial Corp now owns 78,361 shares of the energy company’s stock worth $1,094,000 after purchasing an additional 54,829 shares during the period. Yaupon Capital Management LP purchased a new stake in Kimbell Royalty in the 1st quarter worth about $6,300,000. Epoch Investment Partners Inc. lifted its stake in Kimbell Royalty by 222.8% in the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company’s stock worth $9,414,000 after purchasing an additional 464,142 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of 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 buying an additional 1,451,666 shares during the period. 25.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 3,600 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $13.74, for a total value of $49,464.00. Following the sale, the insider owned 43,663 shares in the company, valued at $599,929.62. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by company insiders.

Kimbell Royalty Price Performance

KRP opened at $12.17 on Thursday. The firm has a market capitalization of $1.31 billion, a PE ratio of -173.84 and a beta of 0.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.39 and a quick ratio of 5.39. The business’s 50-day moving average is $13.30 and its two-hundred day moving average is $13.72. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.59.

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

Kimbell Royalty Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were given a $0.35 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.40 dividend on an annualized basis and a yield of 11.5%. Kimbell Royalty’s dividend payout ratio is currently -2,000.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KRP shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimbell Royalty in a research note on Wednesday, October 8th. KeyCorp reiterated a “sector weight” rating on shares of Kimbell Royalty in a research note on Monday. Zacks Research raised shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Six research analysts have rated the stock with 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 “Reduce” and a consensus target price of $17.20.

About Kimbell Royalty