Kimbell Royalty $KRP Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in shares of Kimbell Royalty (NYSE:KRP) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,863 shares of the energy company’s stock after buying an additional 895 shares during the period. Apollon Wealth Management LLC’s holdings in Kimbell Royalty were worth $277,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KRP. Bessemer Group Inc. purchased a new stake in shares of Kimbell Royalty in the first quarter valued at about $29,000. GAMMA Investing LLC acquired a new stake in Kimbell Royalty during the 1st quarter valued at $34,000. Hilltop National Bank purchased a new stake in Kimbell Royalty during the 2nd quarter worth about $42,000. Chilton Capital Management LLC acquired a new position in shares of Kimbell Royalty in the first quarter valued at approximately $44,000. Finally, MAI Capital Management lifted its stake in shares of Kimbell Royalty by 4,300.0% during the 1st 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 during the period. Institutional investors and hedge funds own 25.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KRP shares. Weiss Ratings restated a “hold (c-)” rating on shares of Kimbell Royalty in a report on Wednesday, October 8th. Wall Street Zen cut shares of Kimbell Royalty from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. KeyCorp dropped their price objective on shares of Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Finally, Zacks Research lowered shares of Kimbell Royalty from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Kimbell Royalty currently has a consensus rating of “Reduce” and a consensus price target of $17.20.

Kimbell Royalty Stock Up 0.1%

NYSE KRP opened at $12.85 on Friday. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a fifty-two week low of $10.98 and a fifty-two week high of $16.99. The business has a 50 day moving average price of $13.65 and a two-hundred day moving average price of $13.53. The stock has a market cap of $1.39 billion, a PE ratio of -321.13 and a beta of 0.45.

Kimbell Royalty (NYSE:KRP) last announced 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 firm had revenue of $86.55 million during the quarter, compared to analysts’ expectations of $79.77 million. Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. Kimbell Royalty’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. As a group, sell-side analysts predict that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend was Monday, August 18th. Kimbell Royalty’s payout ratio is presently -3,800.00%.

Insider Activity at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 3,600 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the transaction, the insider owned 43,663 shares in the company, valued at approximately $599,929.62. The trade was a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.60% of the company’s stock.

About Kimbell Royalty