Kimbell Royalty (NYSE:KRP) Upgraded at KeyCorp

KeyCorp upgraded shares of Kimbell Royalty (NYSE:KRP) from a sector weight rating to an overweight rating in a research note published on Thursday morning, MarketBeat Ratings reports. KeyCorp currently has $17.00 target price on the energy company’s stock. KeyCorp also issued estimates for Kimbell Royalty’s Q4 2026 earnings at $0.26 EPS, Q1 2027 earnings at $0.25 EPS, Q2 2027 earnings at $0.21 EPS, Q3 2027 earnings at $0.20 EPS, Q4 2027 earnings at $0.22 EPS and FY2027 earnings at $0.88 EPS.

A number of other research firms have also weighed in on KRP. Citigroup raised their target price on shares of Kimbell Royalty from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Zacks Research downgraded shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. Mizuho dropped their price objective on shares of Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Finally, Wall Street Zen cut shares of Kimbell Royalty from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Kimbell Royalty currently has a consensus rating of “Hold” and a consensus price target of $17.33.

Kimbell Royalty Price Performance

NYSE:KRP opened at $14.74 on Thursday. The company has a current ratio of 8.64, a quick ratio of 8.64 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.59 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.48 and a beta of 0.29. Kimbell Royalty has a 12 month low of $10.98 and a 12 month high of $15.12. The business’s 50-day moving average is $14.20 and its 200 day moving average is $13.26.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings results on Thursday, February 26th. The energy company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. Kimbell Royalty had a return on equity of 13.73% and a net margin of 26.43%.The business had revenue of $82.45 million during the quarter, compared to analysts’ expectations of $76.78 million. During the same quarter last year, the business posted ($0.48) EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts forecast that Kimbell Royalty will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty announced that its board has authorized a stock buyback plan on Monday, March 9th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Kimbell Royalty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 18th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $1.48 annualized dividend and a dividend yield of 10.0%. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.35. Kimbell Royalty’s dividend payout ratio is presently 238.71%.

Insider Transactions at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 6,609 shares of Kimbell Royalty stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.48, for a total transaction of $95,698.32. Following the completion of the transaction, the insider directly owned 75,163 shares of the company’s stock, valued at $1,088,360.24. The trade was a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kimbell Royalty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Kimbell Royalty by 9.2% in the 3rd quarter. American Century Companies Inc. now owns 3,026,429 shares of the energy company’s stock worth $40,827,000 after acquiring an additional 255,688 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Kimbell Royalty by 32.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,210,948 shares of the energy company’s stock valued at $14,241,000 after purchasing an additional 294,482 shares during the last quarter. UBS Group AG grew its holdings 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 last quarter. Energy Income Partners LLC raised its position in Kimbell Royalty by 12.3% in the 3rd quarter. Energy Income Partners LLC now owns 647,396 shares of the energy company’s stock worth $8,733,000 after purchasing an additional 70,783 shares during the period. Finally, Pin Oak Investment Advisors Inc. raised its position in 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 worth $8,339,000 after purchasing an additional 5,213 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Trending Headlines about Kimbell Royalty

Here are the key news stories impacting Kimbell Royalty this week:

• Positive Sentiment: KeyCorp/KeyBanc upgraded Kimbell from “sector weight” to “overweight” and set a $17 price target (roughly mid‑teens upside from recent levels), highlighting the company’s yield and total‑return appeal. Read More.
• Positive Sentiment: KeyCorp raised its FY2027 EPS view to $0.88 (from $0.80) and lifted several quarterly forecasts (Q1–Q3/Q4 2026/2027 mostly higher), signaling analyst confidence in stronger cash flow and distribution sustainability — a potential driver for upside if realized.
• Positive Sentiment: Separate coverage notes highlight Kimbell as a compelling yield opportunity amid sector repositioning at KeyBanc, which may draw income‑oriented buyers. Read More.
• Positive Sentiment: Citigroup published a bullish note forecasting strong price appreciation for KRP, adding another institutional vote of confidence that can support demand for the shares. Read More.
• Neutral Sentiment: Analyst estimate changes are mixed at the quarterly level (some small raises and one modest cut for a late‑2027 quarter). While KeyCorp’s net view improved, individual quarter tweaks add noise that may temper near‑term reaction until company results confirm the trajectory.
• Negative Sentiment: KeyCorp slightly cut its Q4 2027 EPS estimate (to $0.22 from $0.23), a minor downward revision that could be cited by short‑term traders as a reason to lock in gains; impact is small but noted by the market.

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.