UBS Group AG Purchases 86,957 Shares of Kimbell Royalty $KRP

UBS Group AG raised its position in shares of Kimbell Royalty (NYSE:KRP) by 9.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,009,057 shares of the energy company’s stock after acquiring an additional 86,957 shares during the quarter. UBS Group AG’s holdings in Kimbell Royalty were worth $11,867,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. American Century Companies Inc. increased its position in Kimbell Royalty by 9.2% during the third quarter. American Century Companies Inc. now owns 3,026,429 shares of the energy company’s stock valued at $40,827,000 after acquiring an additional 255,688 shares during the last quarter. Energy Income Partners LLC increased its position in Kimbell Royalty by 12.3% during the third 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 position in Kimbell Royalty by 0.9% during the third quarter. Pin Oak Investment Advisors Inc. now owns 618,128 shares of the energy company’s stock valued at $8,339,000 after acquiring an additional 5,213 shares during the last quarter. Vanguard Group Inc. increased its position in Kimbell Royalty by 4.3% during the third quarter. Vanguard Group Inc. now owns 596,903 shares of the energy company’s stock valued at $8,052,000 after acquiring an additional 24,419 shares during the last quarter. Finally, First Trust Advisors LP increased 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 acquiring an additional 36,803 shares during the last quarter. Institutional investors own 25.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KRP. Citigroup boosted their price objective on shares of Kimbell Royalty from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Mizuho cut their price target on shares of Kimbell Royalty from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. KeyCorp upgraded shares of Kimbell Royalty from a “sector weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a report on Thursday, April 2nd. Weiss Ratings cut shares of Kimbell Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Zacks Research cut shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.33.

Insider Activity at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 6,609 shares of the stock in a transaction dated 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 sale, the insider directly owned 75,163 shares of the company’s stock, valued at approximately $1,088,360.24. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Kimbell Royalty Stock Up 1.0%

NYSE:KRP opened at $15.45 on Friday. Kimbell Royalty has a 1-year low of $11.31 and a 1-year high of $15.65. The company has a 50-day moving average of $14.65 and a 200 day moving average of $13.53. The firm has a market cap of $1.67 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.52 and a beta of 0.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 5.12 and a quick ratio of 8.64.

Kimbell Royalty (NYSE:KRP) last released its quarterly earnings data on Thursday, May 7th. The energy company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.19). Kimbell Royalty had a return on equity of 11.70% and a net margin of 22.76%.The business had revenue of $65.54 million during the quarter, compared to analysts’ expectations of $90.25 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was down 6.7% compared to the same quarter last year. As a group, research analysts anticipate that Kimbell Royalty will post 1.04 EPS for the current fiscal year.

Kimbell Royalty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This is a positive change from Kimbell Royalty’s previous quarterly dividend of $0.37. This represents a $1.64 annualized dividend and a dividend yield of 10.6%. Kimbell Royalty’s payout ratio is currently 321.74%.

Kimbell Royalty announced that its board has approved a stock buyback plan on Monday, March 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the energy company to purchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Kimbell Royalty Profile

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.