Kimbell Royalty (NYSE:KRP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kimbell Royalty (NYSE:KRP) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities analysts also recently weighed in on KRP. KeyCorp cut their price target on shares of Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimbell Royalty in a research report on Wednesday, October 8th. Finally, Zacks Research raised Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.20.

Kimbell Royalty Stock Performance

NYSE KRP opened at $13.14 on Friday. The business’s 50-day moving average price is $13.39 and its 200 day moving average price is $13.71. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.72. Kimbell Royalty has a twelve month low of $10.98 and a twelve month high of $16.59. The company has a market capitalization of $1.42 billion, a PE ratio of -187.66 and a beta of 0.45.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. Kimbell Royalty had a net margin of 10.66% and a return on equity of 12.51%. The company had revenue of $80.62 million during the quarter, compared to the consensus estimate of $82.68 million. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, research analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 17th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Monday, November 17th. Kimbell Royalty’s dividend payout ratio (DPR) is presently -2,171.43%.

Insiders Place Their Bets

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 3,600 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 43,663 shares of the company’s stock, valued at $599,929.62. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kimbell Royalty

A number of large investors have recently added to or reduced their stakes in KRP. Teacher Retirement System of Texas acquired a new position in Kimbell Royalty in the 1st quarter worth $157,000. Arizona State Retirement System increased its position in shares of Kimbell Royalty by 11.0% during the first quarter. Arizona State Retirement System now owns 22,179 shares of the energy company’s stock worth $311,000 after acquiring an additional 2,206 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Kimbell Royalty by 39.6% in the first quarter. Venturi Wealth Management LLC now owns 44,100 shares of the energy company’s stock worth $617,000 after acquiring an additional 12,500 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Kimbell Royalty by 6.9% in the first quarter. Wedbush Securities Inc. now owns 41,614 shares of the energy company’s stock valued at $583,000 after purchasing an additional 2,684 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Kimbell Royalty by 52.1% during the 1st quarter. Cetera Investment Advisers now owns 24,978 shares of the energy company’s stock valued at $350,000 after purchasing an additional 8,560 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Company Profile