XTX Topco Ltd Takes $168,000 Position in Kimbell Royalty (NYSE:KRP)

XTX Topco Ltd bought a new stake in shares of Kimbell Royalty (NYSE:KRP) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 11,965 shares of the energy company’s stock, valued at approximately $168,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRP. Wells Fargo & Company MN boosted its position in Kimbell Royalty by 141.8% in the fourth quarter. Wells Fargo & Company MN now owns 255,721 shares of the energy company’s stock valued at $4,150,000 after buying an additional 149,960 shares in the last quarter. Cerity Partners LLC boosted its position in Kimbell Royalty by 678.3% in the fourth quarter. Cerity Partners LLC now owns 142,300 shares of the energy company’s stock valued at $2,310,000 after buying an additional 124,016 shares in the last quarter. Legal & General Group Plc boosted its position in Kimbell Royalty by 21.8% in the fourth quarter. Legal & General Group Plc now owns 55,500 shares of the energy company’s stock valued at $901,000 after buying an additional 9,933 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Kimbell Royalty in the fourth quarter valued at about $30,449,000. Finally, Barclays PLC boosted its position in Kimbell Royalty by 1,279.4% in the fourth quarter. Barclays PLC now owns 187,671 shares of the energy company’s stock valued at $3,046,000 after buying an additional 174,066 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Price Performance

Shares of KRP stock opened at $14.47 on Thursday. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.99. The firm’s 50 day moving average is $14.28 and its 200-day moving average is $13.93. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -361.68 and a beta of 0.52. The company has a current ratio of 5.45, a quick ratio of 6.02 and a debt-to-equity ratio of 0.72.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The company had revenue of $86.55 million for 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 revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. Sell-side analysts forecast that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 18th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, August 18th. Kimbell Royalty’s payout ratio is -4,700.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KRP shares. KeyCorp reduced their price target on shares of Kimbell Royalty from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Wall Street Zen lowered shares of Kimbell Royalty from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Kimbell Royalty currently has a consensus rating of “Hold” and a consensus target price of $17.40.

Insider Buying and Selling at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 2,000 shares of the business’s stock in a transaction that occurred 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 directly owned 47,263 shares of the company’s stock, valued at $627,180.01. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.60% of the stock is currently owned by company insiders.

Kimbell Royalty Profile