Freestone Capital Holdings LLC Takes $1.40 Million Position in Kimbell Royalty $KRP

Freestone Capital Holdings LLC purchased a new stake in shares of Kimbell Royalty (NYSE:KRP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 100,000 shares of the energy company’s stock, valued at approximately $1,396,000.

A number of other institutional investors have also recently added to or reduced their stakes in KRP. American Century Companies Inc. boosted its position in Kimbell Royalty by 15.1% in the 1st quarter. American Century Companies Inc. now owns 2,542,362 shares of the energy company’s stock valued at $35,593,000 after buying an additional 334,009 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Kimbell Royalty by 604.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company’s stock worth $23,683,000 after acquiring an additional 1,451,666 shares in the last quarter. Ghisallo Capital Management LLC purchased a new position in Kimbell Royalty in the first quarter valued at about $10,150,000. Epoch Investment Partners Inc. grew its stake in Kimbell Royalty by 222.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company’s stock valued at $9,414,000 after purchasing an additional 464,142 shares in the last quarter. Finally, Energy Income Partners LLC grew its stake in Kimbell Royalty by 231.4% during the 1st quarter. Energy Income Partners LLC now owns 585,969 shares of the energy company’s stock valued at $8,204,000 after purchasing an additional 409,175 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Insider Transactions at Kimbell Royalty

In related news, insider Blayne Rhynsburger sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total value of $49,464.00. Following the sale, the insider directly owned 43,663 shares in the company, valued at $599,929.62. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimbell Royalty in a research note on Wednesday, October 8th. Zacks Research raised shares of Kimbell Royalty from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. KeyCorp reduced their price objective on shares of Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Finally, Wall Street Zen downgraded shares of Kimbell Royalty from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.20.

Kimbell Royalty Trading Down 0.7%

NYSE:KRP opened at $13.14 on Tuesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of -328.53 and a beta of 0.45. The business has a 50 day simple moving average of $13.47 and a 200 day simple moving average of $13.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.45 and a quick ratio of 5.45. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $16.99.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The firm had revenue of $86.55 million during the quarter, compared to analyst estimates of $79.77 million. Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.The firm’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. Equities research analysts predict that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 11.6%. Kimbell Royalty’s payout ratio is currently -3,800.00%.

About Kimbell Royalty