Pin Oak Investment Advisors Inc. Purchases Shares of 580,303 Kimbell Royalty $KRP

Pin Oak Investment Advisors Inc. acquired a new position in shares of Kimbell Royalty (NYSE:KRP) in the 2nd quarter, according to its most recent filing 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 accounts for about 4.4% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its biggest position.

A number of other hedge funds have also made changes to their positions in KRP. Hilltop National Bank acquired a new position in shares of Kimbell Royalty during the 2nd quarter valued at $44,000. Ascentis Independent Advisors acquired a new stake in Kimbell Royalty in the 1st quarter valued at $60,000. EverSource Wealth Advisors LLC increased its holdings in Kimbell Royalty by 29.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after purchasing an additional 1,250 shares in the last quarter. First Bancorp Inc ME purchased a new position in Kimbell Royalty in the second quarter valued at about $90,000. Finally, Marex Group plc purchased a new position in Kimbell Royalty in the fourth quarter valued at about $118,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Stock Performance

Shares of KRP stock opened at $14.90 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.30 and a quick ratio of 7.30. The company’s fifty day moving average price is $14.87 and its two-hundred day moving average price is $14.76. The firm has a market capitalization of $1.71 billion, a P/E ratio of 17.74 and a beta of 0.30. Kimbell Royalty has a 12 month low of $11.31 and a 12 month high of $15.80.

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

Kimbell Royalty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were paid a dividend of $0.47 per share. This is a boost from Kimbell Royalty’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, August 17th. This represents a $1.88 dividend on an annualized basis and a yield of 12.6%. Kimbell Royalty’s payout ratio is 223.81%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Kimbell Royalty

In other Kimbell Royalty news, insider Blayne Rhynsburger sold 4,524 shares of Kimbell Royalty stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $15.08, for a total transaction of $68,221.92. Following the sale, the insider directly owned 70,639 shares in the company, valued at $1,065,236.12. The trade was a 6.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by corporate insiders.

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.