Kimbell Royalty (NYSE:KRP) Insider Blayne Rhynsburger Sells 4,524 Shares

Kimbell Royalty (NYSE:KRP) insider Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total transaction of $68,221.92. Following the transaction, the insider directly owned 70,639 shares of the company’s stock, valued at approximately $1,065,236.12. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kimbell Royalty Stock Up 0.8%

Kimbell Royalty stock opened at $15.22 on Friday. Kimbell Royalty has a twelve month low of $11.31 and a twelve month high of $15.80. The stock has a market cap of $1.75 billion, a P/E ratio of 18.11 and a beta of 0.30. The company’s 50-day moving average price is $14.87 and its two-hundred day moving average price is $14.76. The company has a quick ratio of 7.30, a current ratio of 7.30 and a debt-to-equity ratio of 0.71.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. The company had revenue of $112.48 million for the quarter, compared to analyst estimates of $93.45 million. Kimbell Royalty had a return on equity of 14.95% and a net margin of 27.17%.The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. As a group, analysts expect that Kimbell Royalty will post 0.81 EPS for the current year.

Kimbell Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.88 dividend on an annualized basis and a yield of 12.4%. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. Kimbell Royalty’s payout ratio is presently 223.81%.

Institutional Trading of Kimbell Royalty

Several institutional investors and hedge funds have recently made changes to their positions in KRP. Hilltop National Bank purchased a new position in Kimbell Royalty during the second quarter worth about $44,000. Ascentis Independent Advisors bought a new position in shares of Kimbell Royalty in the first quarter valued at approximately $60,000. EverSource Wealth Advisors LLC increased its position in shares of Kimbell Royalty by 29.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after acquiring an additional 1,250 shares during the last quarter. First Bancorp Inc ME purchased a new stake in shares of Kimbell Royalty during the second quarter valued at approximately $90,000. Finally, Marex Group plc bought a new stake in Kimbell Royalty during the fourth quarter worth $118,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank Of Canada initiated coverage on shares of Kimbell Royalty in a research report on Friday, May 29th. They set an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings upgraded Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Zacks Research downgraded Kimbell Royalty from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.00.

Kimbell Royalty Company Profile

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.