Kimbell Royalty $KRP Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of Kimbell Royalty (NYSE:KRP) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,863 shares of the energy company’s stock after purchasing an additional 895 shares during the period. Apollon Wealth Management LLC’s holdings in Kimbell Royalty were worth $277,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Kimbell Royalty during the first quarter valued at approximately $34,000. Evanson Asset Management LLC bought a new stake in shares of Kimbell Royalty in the 1st quarter valued at approximately $147,000. Oppenheimer & Co. Inc. increased its holdings in shares of Kimbell Royalty by 7.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 115,537 shares of the energy company’s stock valued at $1,618,000 after acquiring an additional 8,450 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Kimbell Royalty during the 1st quarter valued at approximately $29,000. Finally, Teacher Retirement System of Texas bought a new position in Kimbell Royalty during the first quarter worth $157,000. 25.78% of the stock is owned by institutional investors.

Kimbell Royalty Stock Performance

Shares of NYSE KRP opened at $12.85 on Friday. Kimbell Royalty has a 12-month low of $10.98 and a 12-month high of $16.99. The company has a market cap of $1.39 billion, a PE ratio of -321.13 and a beta of 0.45. The stock has a 50 day simple moving average of $13.65 and a 200-day simple moving average of $13.53. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.72.

Kimbell Royalty (NYSE:KRP) last announced its earnings results on Thursday, August 7th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.12). Kimbell Royalty had a net margin of 10.67% and a return on equity of 12.56%. The business had revenue of $86.55 million for the quarter, compared to the consensus estimate of $79.77 million. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 12.9% on a year-over-year basis. On average, equities research analysts forecast that Kimbell Royalty will post 0.65 EPS for the current year.

Kimbell Royalty Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.52 annualized dividend and a yield of 11.8%. Kimbell Royalty’s dividend payout ratio is presently -3,800.00%.

Wall Street Analysts Forecast Growth

KRP has been the subject of several recent research reports. Wall Street Zen lowered shares of Kimbell Royalty from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimbell Royalty in a research report on Wednesday, October 8th. KeyCorp reduced their price objective on Kimbell Royalty from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Finally, Zacks Research lowered Kimbell Royalty from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $17.20.

Insider Transactions at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 3,600 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $13.74, for a total transaction of $49,464.00. Following the transaction, the insider owned 43,663 shares of the company’s stock, valued at approximately $599,929.62. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is owned by corporate insiders.

About Kimbell Royalty