Kimbell Royalty (NYSE:KRP) Given Consensus Rating of “Reduce” by Brokerages

Shares of Kimbell Royalty (NYSE:KRP) have been given an average recommendation of “Reduce” by the eight brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.80.

Several brokerages recently issued reports on KRP. Mizuho upped their target price on Kimbell Royalty from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Citigroup dropped their price target on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Kimbell Royalty in a report on Monday, December 29th. Zacks Research cut shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Wall Street Zen raised shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st.

Institutional Investors Weigh In On Kimbell Royalty

A number of large investors have recently bought and sold shares of KRP. American Century Companies Inc. raised its position in Kimbell Royalty by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 3,026,429 shares of the energy company’s stock worth $40,827,000 after buying an additional 255,688 shares during the last quarter. Energy Income Partners LLC boosted 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 acquiring an additional 70,783 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in shares of Kimbell Royalty by 0.9% in the third quarter. Pin Oak Investment Advisors Inc. now owns 618,128 shares of the energy company’s stock worth $8,339,000 after acquiring an additional 5,213 shares during the period. Vanguard Group Inc. raised its holdings in shares of Kimbell Royalty by 4.3% during the third quarter. Vanguard Group Inc. now owns 596,903 shares of the energy company’s stock worth $8,052,000 after purchasing an additional 24,419 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Kimbell Royalty by 8.6% during the second quarter. First Trust Advisors LP now owns 464,829 shares of the energy company’s stock valued at $6,489,000 after purchasing an additional 36,803 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Trading Up 1.1%

NYSE:KRP opened at $12.85 on Friday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -183.50, a PEG ratio of 4.49 and a beta of 0.32. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $16.14. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $12.22 and a 200 day moving average of $13.24.

Kimbell Royalty (NYSE:KRP) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. Kimbell Royalty had a return on equity of 12.51% and a net margin of 10.66%.The business had revenue of $80.62 million for the quarter, compared to the consensus estimate of $82.68 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Monday, November 17th. Kimbell Royalty’s dividend payout ratio (DPR) is presently -2,000.00%.

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.