Kimbell Royalty (KRP) to Issue Quarterly Dividend of $0.41 on May 27th

Kimbell Royalty (NYSE:KRP) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, May 19th will be paid a dividend of 0.41 per share by the energy company on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Tuesday, May 19th. This is a 10.8% increase from Kimbell Royalty’s previous quarterly dividend of $0.37.

Kimbell Royalty has increased its dividend by an average of 0.1%per year over the last three years. Kimbell Royalty has a payout ratio of 115.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kimbell Royalty to earn $0.86 per share next year, which means the company may not be able to cover its $1.64 annual dividend with an expected future payout ratio of 190.7%.

Kimbell Royalty Price Performance

Shares of NYSE:KRP opened at $15.45 on Friday. The business’s fifty day moving average price is $14.65 and its two-hundred day moving average price is $13.53. The stock has a market cap of $1.67 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.54 and a beta of 0.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.64 and a current ratio of 5.12. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.65.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Thursday, May 7th. The energy company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.19). Kimbell Royalty had a net margin of 22.76% and a return on equity of 11.70%. The company had revenue of $65.54 million for the quarter, compared to analyst estimates of $90.25 million. During the same quarter last year, the company posted $0.20 EPS. Kimbell Royalty’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, analysts forecast that Kimbell Royalty will post 1.04 EPS for the current fiscal year.

Insider Buying and Selling at Kimbell Royalty

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KRP. Ascentis Independent Advisors purchased a new position in Kimbell Royalty in the first quarter valued at about $60,000. State of Wyoming purchased a new position in Kimbell Royalty in the third quarter valued at about $62,000. EverSource Wealth Advisors LLC raised its position in Kimbell Royalty by 29.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after purchasing an additional 1,250 shares during the period. Marex Group plc purchased a new position in Kimbell Royalty in the fourth quarter valued at about $118,000. Finally, Sowell Financial Services LLC purchased a new position in Kimbell Royalty in the fourth quarter valued at about $120,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

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.