Kimbell Royalty $KRP Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its holdings in shares of Kimbell Royalty (NYSE:KRP) by 37.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,897 shares of the energy company’s stock after selling 170,878 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Kimbell Royalty were worth $3,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Kimbell Royalty in the second quarter valued at about $5,445,000. CIBC Bancorp USA Inc. purchased a new position in shares of Kimbell Royalty during the 3rd quarter worth approximately $3,472,000. American Century Companies Inc. raised its position in shares of Kimbell Royalty by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 3,026,429 shares of the energy company’s stock worth $40,827,000 after purchasing an additional 255,688 shares during the last quarter. First Financial Bankshares Inc lifted its stake in Kimbell Royalty by 1,171.0% in the 3rd quarter. First Financial Bankshares Inc now owns 227,922 shares of the energy company’s stock valued at $3,075,000 after buying an additional 209,989 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its stake in Kimbell Royalty by 279.5% in the 3rd quarter. Mirador Capital Partners LP now owns 238,266 shares of the energy company’s stock valued at $3,214,000 after buying an additional 175,480 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Insider Activity

In related news, insider Blayne Rhynsburger sold 6,609 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.48, for a total value of $95,698.32. Following the transaction, the insider owned 75,163 shares in the company, valued at approximately $1,088,360.24. This trade represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.

Kimbell Royalty Price Performance

Kimbell Royalty stock opened at $14.29 on Tuesday. Kimbell Royalty has a 1 year low of $11.31 and a 1 year high of $15.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.64 and a current ratio of 8.64. The firm has a 50 day moving average price of $14.37 and a 200 day moving average price of $13.30. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.96 and a beta of 0.29.

Kimbell Royalty (NYSE:KRP) last announced its quarterly earnings results on Thursday, February 26th. The energy company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $82.45 million for the quarter, compared to analyst estimates of $76.78 million. Kimbell Royalty had a net margin of 26.43% and a return on equity of 13.73%. Kimbell Royalty’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.48) EPS. Sell-side analysts predict that Kimbell Royalty will post 0.65 earnings per share for the current year.

Kimbell Royalty announced that its board has initiated a stock repurchase program on Monday, March 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the energy company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Kimbell Royalty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 18th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $1.48 annualized dividend and a dividend yield of 10.4%. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.35. Kimbell Royalty’s dividend payout ratio is presently 238.71%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KRP. Zacks Research downgraded Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Wall Street Zen downgraded Kimbell Royalty from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. KeyCorp raised Kimbell Royalty from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Thursday, April 2nd. Mizuho dropped their price objective on Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Finally, Weiss Ratings raised shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.33.

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.