Swiss National Bank Has $2.10 Million Holdings in Kimbell Royalty $KRP

Swiss National Bank raised its holdings in shares of Kimbell Royalty (NYSE:KRP) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,900 shares of the energy company’s stock after purchasing an additional 14,600 shares during the period. Swiss National Bank owned 0.14% of Kimbell Royalty worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of KRP. Marshall Wace LLP bought a new stake in shares of Kimbell Royalty in the 4th quarter valued at about $3,151,000. Barclays PLC increased its stake in shares of Kimbell Royalty by 1,279.4% in the 4th quarter. Barclays PLC now owns 187,671 shares of the energy company’s stock valued at $3,046,000 after acquiring an additional 174,066 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Kimbell Royalty by 44.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 386,884 shares of the energy company’s stock valued at $5,416,000 after acquiring an additional 119,869 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in shares of Kimbell Royalty by 114.5% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 155,448 shares of the energy company’s stock valued at $2,176,000 after acquiring an additional 82,968 shares during the last quarter. Finally, Caliber Wealth Management LLC KS bought a new stake in shares of Kimbell Royalty in the 1st quarter valued at about $1,160,000. 25.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total transaction of $26,540.00. Following the completion of the transaction, the insider owned 47,263 shares of the company’s stock, valued at $627,180.01. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is currently owned by company insiders.

Kimbell Royalty Price Performance

NYSE KRP opened at $13.9460 on Friday. The business has a 50 day simple moving average of $14.30 and a 200 day simple moving average of $13.84. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.45 and a current ratio of 5.45. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -348.65 and a beta of 0.52.

Kimbell Royalty (NYSE:KRP) last posted 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). Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.The business had revenue of $86.55 million for the quarter, compared to the consensus estimate of $79.77 million. During the same period in the previous year, the company posted $0.11 earnings per share. Kimbell Royalty’s revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 18th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.52 dividend on an annualized basis and a yield of 10.9%. Kimbell Royalty’s dividend payout ratio is -3,800.00%.

Analyst Ratings Changes

KRP has been the subject of a number of recent analyst reports. Zacks Research cut Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.40.

Kimbell Royalty Company Profile