Pin Oak Investment Advisors Inc. Makes New Investment in Kimbell Royalty $KRP

Pin Oak Investment Advisors Inc. acquired a new stake in shares of Kimbell Royalty (NYSE:KRP) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 580,303 shares of the energy company’s stock, valued at approximately $8,432,000. Kimbell Royalty makes up about 4.4% of Pin Oak Investment Advisors Inc.’s investment portfolio, making the stock its largest position. Pin Oak Investment Advisors Inc. owned about 0.51% of Kimbell Royalty at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS Group AG increased its stake in shares of Kimbell Royalty by 9.4% during the 4th quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock worth $11,867,000 after purchasing an additional 86,957 shares in the last quarter. Gabelli Funds LLC increased its position in Kimbell Royalty by 47.7% during the 4th quarter. Gabelli Funds LLC now owns 240,000 shares of the energy company’s stock worth $2,822,000 after purchasing an additional 77,500 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Kimbell Royalty in the 1st quarter valued at about $7,405,000. Pingora Partners LLC lifted its holdings in Kimbell Royalty by 267.0% in the 4th quarter. Pingora Partners LLC now owns 98,076 shares of the energy company’s stock valued at $1,153,000 after purchasing an additional 71,350 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Kimbell Royalty by 441.0% during the first quarter. Hsbc Holdings PLC now owns 84,476 shares of the energy company’s stock worth $1,236,000 after buying an additional 68,861 shares in the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Kimbell Royalty in a research note on Friday, May 29th. They set an “outperform” rating and a $20.00 price objective on the stock. Weiss Ratings raised Kimbell Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Wall Street Zen upgraded Kimbell Royalty from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research downgraded Kimbell Royalty from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.00.

Insiders Place Their Bets

In related news, insider Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total value of $68,221.92. Following the transaction, the insider owned 70,639 shares in the company, valued at approximately $1,065,236.12. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

Kimbell Royalty Price Performance

Kimbell Royalty stock opened at $14.90 on Friday. Kimbell Royalty has a 1 year low of $11.31 and a 1 year high of $15.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 7.30 and a current ratio of 7.30. The firm has a 50 day moving average price of $14.87 and a 200 day moving average price of $14.76. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 17.74 and a beta of 0.30.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings results on Friday, August 7th. The energy company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. Kimbell Royalty had a net margin of 27.17% and a return on equity of 14.95%. The company had revenue of $112.48 million for the quarter, compared to the consensus estimate of $93.45 million. During the same quarter last year, the firm posted $0.02 earnings per share. Kimbell Royalty’s revenue was up 29.9% on a year-over-year basis. Sell-side analysts predict that Kimbell Royalty will post 0.81 earnings per share for the current year.

Kimbell Royalty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were given a $0.47 dividend. This is an increase from Kimbell Royalty’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.88 annualized dividend and a dividend yield of 12.6%. Kimbell Royalty’s dividend payout ratio is 223.81%.

Kimbell Royalty Company 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.