Kimbell Royalty (NYSE:KRP) Reaches New 12-Month High – Should You Buy?

Kimbell Royalty (NYSE:KRP)’s share price reached a new 52-week high during trading on Monday. The company traded as high as $17.00 and last traded at $16.8720, with a volume of 764,890 shares. The stock had previously closed at $16.96.

Analysts Set New Price Targets

A number of analysts have recently commented on KRP shares. Wall Street Zen raised shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. KeyCorp boosted their price objective on Kimbell Royalty from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Zacks Research raised Kimbell Royalty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Finally, Weiss Ratings raised Kimbell Royalty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $18.25.

Kimbell Royalty Trading Down 0.2%

The firm has a market cap of $1.94 billion, a P/E ratio of 20.12 and a beta of 0.44. The stock has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $14.96. The company has a current ratio of 7.30, a quick ratio of 7.30 and a debt-to-equity ratio of 0.71.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings data on Friday, August 7th. The energy company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. The firm had revenue of $112.48 million for the quarter, compared to the consensus estimate of $93.45 million. Kimbell Royalty had a net margin of 27.17% and a return on equity of 14.95%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. On average, equities research analysts expect that Kimbell Royalty will post 1.10 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.1%. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, August 17th. Kimbell Royalty’s payout ratio is currently 223.81%.

Insider Activity at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total transaction of $68,221.92. Following the transaction, the insider owned 70,639 shares of the company’s stock, valued at $1,065,236.12. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Trading of Kimbell Royalty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hilltop Holdings Inc. grew its position in Kimbell Royalty by 4.2% in the 1st quarter. Hilltop Holdings Inc. now owns 25,000 shares of the energy company’s stock worth $362,000 after purchasing an additional 1,000 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Kimbell Royalty by 3.5% in the first quarter. Sunbelt Securities Inc. now owns 30,233 shares of the energy company’s stock worth $437,000 after acquiring an additional 1,017 shares during the period. Evanson Financial LLC increased its position in shares of Kimbell Royalty by 8.3% during the third quarter. Evanson Financial LLC now owns 13,559 shares of the energy company’s stock valued at $194,000 after buying an additional 1,043 shares during the period. Apollon Wealth Management LLC raised its position in shares of Kimbell Royalty by 5.9% in the third quarter. Apollon Wealth Management LLC now owns 36,734 shares of the energy company’s stock worth $525,000 after buying an additional 2,054 shares in the last quarter. Finally, Rhodes Investment Advisors Inc. ADV increased its position in shares of Kimbell Royalty by 1.6% in the third quarter. Rhodes Investment Advisors Inc. ADV now owns 151,160 shares of the energy company’s stock worth $2,159,000 after purchasing an additional 2,319 shares during the last quarter. Hedge funds and other institutional investors own 25.78% of the company’s stock.

About Kimbell Royalty

Kimbell Royalty Partners, LP (NYSE: KRP) is a publicly traded oil and natural gas mineral and royalty company. It owns mineral, royalty, overriding royalty, and non-operated working interests in producing and undeveloped properties across the onshore United States.

The partnership generates revenue primarily from its share of oil, natural gas, and natural gas liquids produced from properties operated by third-party exploration and production companies. Its asset base is concentrated in major U.S.