Insider Selling: Kimbell Royalty (NYSE:KRP) Insider Sells $24,327.00 in Stock

Kimbell Royalty (NYSE:KRP) insider Blayne Rhynsburger sold 1,700 shares of the stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $14.31, for a total value of $24,327.00. Following the completion of the transaction, the insider directly owned 68,939 shares in the company, valued at approximately $986,517.09. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $15.08, for a total value of $68,221.92.

Kimbell Royalty Stock Down 1.6%

Shares of Kimbell Royalty stock opened at $14.55 on Friday. 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 has a 12 month low of $11.31 and a 12 month high of $15.80. The business has a fifty day simple moving average of $14.90 and a 200 day simple moving average of $14.83. The stock has a market cap of $1.67 billion, a PE ratio of 17.33 and a beta of 0.31.

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

Kimbell Royalty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 17th were paid a $0.47 dividend. This is a boost from Kimbell Royalty’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.9%. Kimbell Royalty’s dividend payout ratio (DPR) is currently 223.81%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Kimbell Royalty

A number of hedge funds and other institutional investors have recently made changes to their positions in KRP. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kimbell Royalty in the 2nd quarter worth $594,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Kimbell Royalty in the 1st quarter valued at about $7,405,000. Hsbc Holdings PLC lifted its holdings in shares of Kimbell Royalty by 441.0% in the first quarter. Hsbc Holdings PLC now owns 84,476 shares of the energy company’s stock valued at $1,236,000 after purchasing an additional 68,861 shares in the last quarter. Oxbow Advisors LLC acquired a new position in shares of Kimbell Royalty during the second quarter worth about $5,928,000. Finally, Pingora Partners LLC grew its holdings 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 buying an additional 71,350 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Company Profile

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.