Kimbell Royalty (NYSE:KRP) Insider Blayne Rhynsburger Sells 1,700 Shares

Kimbell Royalty (NYSE:KRP) insider Blayne Rhynsburger sold 1,700 shares of Kimbell Royalty stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $14.31, for a total transaction of $24,327.00. Following the transaction, the insider directly owned 68,939 shares of the company’s stock, valued at $986,517.09. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Blayne Rhynsburger also recently made the following trade(s):

• On Tuesday, August 25th, Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock. The shares were sold at an average price of $15.08, for a total transaction of $68,221.92.

Kimbell Royalty Trading Up 0.8%

Shares of KRP traded up $0.12 during midday trading on Wednesday, hitting $14.40. The stock had a trading volume of 1,298,352 shares, compared to its average volume of 894,938. The stock’s 50 day moving average is $14.91 and its 200 day moving average is $14.83. The firm has a market cap of $1.65 billion, a PE ratio of 17.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.30 and a quick ratio of 7.30. Kimbell Royalty has a 1 year low of $11.31 and a 1 year high of $15.80.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings data on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. The company had revenue of $112.48 million for the quarter, compared to analyst estimates of $93.45 million. Kimbell Royalty had a net margin of 27.17% and a return on equity of 14.95%. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS. As a group, analysts forecast that Kimbell Royalty will post 1.1 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were issued a $0.47 dividend. The ex-dividend date was Monday, August 17th. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.41. This represents a $1.88 annualized dividend and a dividend yield of 13.1%. Kimbell Royalty’s dividend payout ratio (DPR) is currently 223.81%.

Institutional Investors Weigh In On Kimbell Royalty

A number of institutional investors have recently added to or reduced their stakes in KRP. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Kimbell Royalty during the 2nd quarter worth approximately $594,000. Arrowstreet Capital Limited Partnership acquired a new stake in Kimbell Royalty in the first quarter valued at approximately $7,405,000. Oxbow Advisors LLC purchased a new position in Kimbell Royalty in the second quarter worth $5,928,000. Pingora Partners LLC increased its position in shares of Kimbell Royalty by 267.0% during the fourth quarter. Pingora Partners LLC now owns 98,076 shares of the energy company’s stock worth $1,153,000 after purchasing an additional 71,350 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Kimbell Royalty by 441.0% during the first quarter. Hsbc Holdings PLC now owns 84,476 shares of the energy company’s stock worth $1,236,000 after purchasing an additional 68,861 shares in the last quarter. Institutional investors own 25.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen raised Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada began coverage on Kimbell Royalty in a report on Friday, May 29th. They issued an “outperform” rating and a $20.00 price objective for the company. Zacks Research raised shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, KeyCorp increased their target price on shares of Kimbell Royalty from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Kimbell Royalty currently has an average rating of “Moderate Buy” and an average price target of $18.25.

About Kimbell Royalty

Kimbell Royalty Partners, LP (NYSE: KRP) is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The partnership primarily generates revenue from its share of production and lease payments associated with properties developed and operated by third-party exploration and production companies.

Kimbell’s assets include mineral, overriding royalty, nonparticipating royalty and working interests. Its portfolio provides exposure to several major U.S.