Kimbell Royalty $KRP Shares Purchased by Energy Income Partners LLC

Energy Income Partners LLC lifted its holdings in shares of Kimbell Royalty (NYSE:KRP) by 231.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 585,969 shares of the energy company’s stock after acquiring an additional 409,175 shares during the quarter. Energy Income Partners LLC owned 0.55% of Kimbell Royalty worth $8,204,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in Kimbell Royalty during the 1st quarter valued at approximately $29,000. Lowe Wealth Advisors LLC acquired a new stake in Kimbell Royalty in the first quarter valued at $34,000. GAMMA Investing LLC acquired a new position in Kimbell Royalty during the 1st quarter worth $34,000. Chilton Capital Management LLC bought a new position in shares of Kimbell Royalty during the first quarter worth about $44,000. Finally, MAI Capital Management grew its stake in Kimbell Royalty by 4,300.0% in the first quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock worth $62,000 after purchasing an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen lowered Kimbell Royalty from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Zacks Research downgraded Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.40.

Kimbell Royalty Trading Down 0.9%

NYSE:KRP opened at $13.98 on Friday. The firm has a market capitalization of $1.51 billion, a P/E ratio of -349.48 and a beta of 0.52. The business has a 50 day simple moving average of $14.25 and a 200 day simple moving average of $13.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.45 and a quick ratio of 5.45. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $16.99.

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

Kimbell Royalty Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a $0.38 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.52 annualized dividend and a yield of 10.9%. Kimbell Royalty’s dividend payout ratio (DPR) is currently -3,800.00%.

About Kimbell Royalty