American Century Companies Inc. Has $40.83 Million Stock Position in Kimbell Royalty $KRP

American Century Companies Inc. increased its stake in Kimbell Royalty (NYSE:KRP) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,026,429 shares of the energy company’s stock after purchasing an additional 255,688 shares during the period. American Century Companies Inc. owned 2.81% of Kimbell Royalty worth $40,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Kimbell Royalty by 32.6% in the 1st quarter. Royal Bank of Canada now owns 371,582 shares of the energy company’s stock worth $5,202,000 after purchasing an additional 91,263 shares during the last quarter. Jane Street Group LLC bought a new position in Kimbell Royalty during the 1st quarter worth about $297,000. Teacher Retirement System of Texas boosted its position in Kimbell Royalty by 11.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,548 shares of the energy company’s stock worth $175,000 after acquiring an additional 1,322 shares during the last quarter. Wedbush Securities Inc. increased its stake in Kimbell Royalty by 1.7% in the 2nd quarter. Wedbush Securities Inc. now owns 42,325 shares of the energy company’s stock valued at $591,000 after buying an additional 711 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Kimbell Royalty in the second quarter valued at approximately $56,000. 25.78% of the stock is owned by institutional investors.

Kimbell Royalty Trading Down 1.0%

NYSE KRP opened at $14.41 on Friday. The company has a quick ratio of 5.39, a current ratio of 8.64 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $13.23 and a 200-day moving average price of $13.15. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 3.68 and a beta of 0.30. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $15.12.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Thursday, February 26th. The energy company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. Kimbell Royalty had a return on equity of 13.73% and a net margin of 26.43%.The firm had revenue of $82.45 million for the quarter, compared to the consensus estimate of $76.78 million. During the same quarter in the previous year, the business earned ($0.48) EPS. The company’s revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts expect that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.37 per share. This is a boost from Kimbell Royalty’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 10.3%. The ex-dividend date is Wednesday, March 18th. Kimbell Royalty’s dividend payout ratio (DPR) is currently 225.81%.

Analyst Upgrades and Downgrades

KRP has been the subject of a number of research analyst reports. Mizuho reduced their price objective on Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Weiss Ratings upgraded Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Zacks Research cut Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Citigroup dropped their target price on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.00.

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.