Aptus Capital Advisors LLC Sells 126,691 Shares of Kimbell Royalty $KRP

Aptus Capital Advisors LLC trimmed its position in Kimbell Royalty (NYSE:KRP) by 45.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,001 shares of the energy company’s stock after selling 126,691 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.14% of Kimbell Royalty worth $2,128,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KRP. TD Waterhouse Canada Inc. grew its position in shares of Kimbell Royalty by 30.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,287 shares of the energy company’s stock worth $70,000 after buying an additional 1,000 shares during the period. Virtus ETF Advisers LLC lifted its holdings in Kimbell Royalty by 10.3% in the fourth quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company’s stock valued at $179,000 after buying an additional 1,035 shares during the period. AlphaCore Capital LLC boosted its stake in Kimbell Royalty by 0.9% in the fourth quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company’s stock valued at $2,421,000 after acquiring an additional 1,350 shares during the last quarter. Vident Advisory LLC boosted its stake in Kimbell Royalty by 6.0% in the fourth quarter. Vident Advisory LLC now owns 30,815 shares of the energy company’s stock valued at $500,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Kimbell Royalty during the 1st quarter worth $29,000. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KRP. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research downgraded Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.40.

Kimbell Royalty Stock Performance

KRP stock opened at $13.5350 on Thursday. The business’s 50-day moving average price is $14.32 and its two-hundred day moving average price is $13.88. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.46 billion, a PE ratio of -338.38 and a beta of 0.52. Kimbell Royalty has a 1-year low of $10.98 and a 1-year high of $16.99.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.The business had revenue of $86.55 million for the quarter, compared to analyst estimates of $79.77 million. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts forecast that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 18th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.52 dividend on an annualized basis and a yield of 11.2%. Kimbell Royalty’s payout ratio is presently -3,800.00%.

Insider Buying and Selling at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 2,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $13.27, for a total transaction of $26,540.00. Following the completion of the sale, the insider owned 47,263 shares of the company’s stock, valued at $627,180.01. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is owned by company insiders.

Kimbell Royalty Profile