Blayne Rhynsburger Sells 4,524 Shares of Kimbell Royalty (NYSE:KRP) Stock

Kimbell Royalty (NYSE:KRP) insider Blayne Rhynsburger sold 4,524 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $15.08, for a total transaction of $68,221.92. Following the completion of the sale, the insider owned 70,639 shares in the company, valued at $1,065,236.12. This represents a 6.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kimbell Royalty Trading Down 2.2%

Shares of KRP stock opened at $14.90 on Friday. Kimbell Royalty has a 12-month low of $11.31 and a 12-month high of $15.80. The company has a market capitalization of $1.71 billion, a P/E ratio of 17.74 and a beta of 0.30. The firm has a 50-day moving average price of $14.87 and a 200 day moving average price of $14.76. The company has a quick ratio of 7.30, a current ratio of 7.30 and a debt-to-equity ratio of 0.71.

Kimbell Royalty (NYSE:KRP) last issued its quarterly earnings data on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.17. The firm had revenue of $112.48 million for the quarter, compared to analysts’ expectations of $93.45 million. Kimbell Royalty had a net margin of 27.17% and a return on equity of 14.95%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share. Research analysts forecast that Kimbell Royalty will post 0.81 earnings per share for the current fiscal year.

Kimbell Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 12.6%. The ex-dividend date was Monday, August 17th. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.41. Kimbell Royalty’s dividend payout ratio is presently 223.81%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Kimbell Royalty by 32.6% in the 1st quarter. Royal Bank of Canada now owns 371,582 shares of the energy company’s stock valued at $5,202,000 after buying an additional 91,263 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Kimbell Royalty in the 1st quarter valued at $297,000. Legal & General Group Plc raised its position in shares of Kimbell Royalty by 17.2% during the second quarter. Legal & General Group Plc now owns 67,890 shares of the energy company’s stock worth $948,000 after acquiring an additional 9,987 shares during the last quarter. First Trust Advisors LP raised its position in shares of Kimbell Royalty by 8.6% during the second quarter. First Trust Advisors LP now owns 464,829 shares of the energy company’s stock worth $6,489,000 after acquiring an additional 36,803 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Kimbell Royalty during the second quarter worth $1,220,000. Institutional investors own 25.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KRP. Weiss Ratings upgraded Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research downgraded shares of Kimbell Royalty from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of Kimbell Royalty in a report on Friday, May 29th. They set an “outperform” rating and a $20.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.00.

About Kimbell Royalty

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.