Accordant Advisory Group Inc Decreases Holdings in Kimbell Royalty $KRP

Accordant Advisory Group Inc lowered its position in Kimbell Royalty (NYSE:KRP) by 48.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,385 shares of the energy company’s stock after selling 101,747 shares during the period. Kimbell Royalty makes up about 1.0% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 28th biggest position. Accordant Advisory Group Inc owned approximately 0.10% of Kimbell Royalty worth $1,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRP. American Century Companies Inc. boosted its position in Kimbell Royalty by 9.0% during the second quarter. American Century Companies Inc. now owns 2,770,741 shares of the energy company’s stock worth $38,680,000 after purchasing an additional 228,379 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its position in shares of Kimbell Royalty by 0.8% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 612,915 shares of the energy company’s stock worth $8,580,000 after buying an additional 4,701 shares in the last quarter. First Trust Advisors LP grew its stake in Kimbell Royalty by 8.6% in the 2nd quarter. First Trust Advisors LP now owns 464,829 shares of the energy company’s stock valued at $6,489,000 after acquiring an additional 36,803 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Kimbell Royalty by 3.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 457,775 shares of the energy company’s stock valued at $6,175,000 after acquiring an additional 16,118 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new position in Kimbell Royalty during the 1st quarter valued at about $6,300,000. 25.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRP has been the topic of several research reports. KeyCorp reiterated a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Kimbell Royalty in a research report on Monday, December 29th. Mizuho increased their target price on Kimbell Royalty from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Finally, Zacks Research raised Kimbell Royalty from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Kimbell Royalty presently has an average rating of “Hold” and an average target price of $17.40.

Kimbell Royalty Stock Up 2.3%

Shares of NYSE KRP opened at $12.03 on Monday. The firm has a market cap of $1.30 billion, a P/E ratio of -171.79 and a beta of 0.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.39 and a current ratio of 5.39. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.59. The firm’s 50 day moving average price is $12.58 and its 200 day moving average price is $13.44.

Kimbell Royalty (NYSE:KRP) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $80.62 million for the quarter, compared to analyst estimates of $82.68 million. Kimbell Royalty had a return on equity of 12.51% and a net margin of 10.66%.The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, sell-side analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend was Monday, November 17th. Kimbell Royalty’s dividend payout ratio (DPR) is presently -2,000.00%.

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.