Stephens Inc. AR Decreases Stake in Kimbell Royalty $KRP

Stephens Inc. AR lowered its stake in shares of Kimbell Royalty (NYSE:KRP) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,050 shares of the energy company’s stock after selling 5,450 shares during the period. Stephens Inc. AR’s holdings in Kimbell Royalty were worth $545,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in shares of Kimbell Royalty during the 1st quarter worth approximately $29,000. Hilltop National Bank bought a new position in Kimbell Royalty in the 2nd quarter worth approximately $42,000. Chilton Capital Management LLC bought a new position in Kimbell Royalty in the 1st quarter worth approximately $44,000. MAI Capital Management boosted its holdings in Kimbell Royalty by 4,300.0% in the 1st quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock worth $62,000 after buying an additional 4,300 shares during the period. Finally, NCM Capital Management LLC bought a new position in Kimbell Royalty in the 1st quarter valued at $151,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Insider Activity

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 3,600 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KRP. KeyCorp cut their price target on shares of Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen downgraded shares of Kimbell Royalty from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Zacks Research downgraded shares of Kimbell Royalty from a “hold” rating to a “strong sell” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kimbell Royalty in a report on Saturday. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $17.20.

Kimbell Royalty Price Performance

Shares of NYSE:KRP opened at $13.36 on Friday. The stock has a market cap of $1.44 billion, a PE ratio of -333.90 and a beta of 0.45. The company’s fifty day moving average is $13.52 and its 200 day moving average is $13.56. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $16.99. 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 (NYSE:KRP) last issued its earnings results on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The business had revenue of $86.55 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. Research analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a $0.38 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 11.4%. Kimbell Royalty’s payout ratio is presently -3,800.00%.

Kimbell Royalty Profile