Kimbell Royalty (KRP) to Issue Quarterly Dividend of $0.47 on August 24th

Kimbell Royalty (NYSE:KRP) declared a quarterly dividend on Friday, August 7th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.47 per share by the energy company on Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Monday, August 17th. This is a 14.6% increase from Kimbell Royalty’s previous quarterly dividend of $0.41.

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 132.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kimbell Royalty to earn $0.83 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 226.5%.

Kimbell Royalty Trading Up 3.1%

KRP opened at $14.95 on Friday. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 17.80 and a beta of 0.30. The stock’s 50 day moving average price is $14.88 and its 200-day moving average price is $14.55. Kimbell Royalty has a one year low of $11.31 and a one year high of $15.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.12 and a current ratio of 5.12.

Kimbell Royalty (NYSE:KRP) last issued its quarterly earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.17. Kimbell Royalty had a return on equity of 11.70% and a net margin of 22.76%.The firm had revenue of $112.48 million for the quarter, compared to the consensus estimate of $93.45 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, equities analysts forecast that Kimbell Royalty will post 0.81 EPS for the current year.

Institutional Trading of Kimbell Royalty

Institutional investors and hedge funds have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. lifted its stake in Kimbell Royalty by 32.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,210,948 shares of the energy company’s stock worth $14,241,000 after acquiring an additional 294,482 shares during the period. UBS Group AG increased its position in Kimbell Royalty by 9.4% during the 4th quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock valued at $11,867,000 after purchasing an additional 86,957 shares during the period. Energy Income Partners LLC raised its holdings in shares of Kimbell Royalty by 12.3% in the 3rd quarter. Energy Income Partners LLC now owns 647,396 shares of the energy company’s stock valued at $8,733,000 after purchasing an additional 70,783 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of Kimbell Royalty by 0.9% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 618,128 shares of the energy company’s stock valued at $8,339,000 after purchasing an additional 5,213 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Kimbell Royalty by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 596,903 shares of the energy company’s stock valued at $8,052,000 after purchasing an additional 24,419 shares in the last quarter. 25.78% of the stock is currently owned by 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.