Caliber Wealth Management LLC KS Decreases Position in Kimbell Royalty $KRP

Caliber Wealth Management LLC KS decreased its position in Kimbell Royalty (NYSE:KRP) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,286 shares of the energy company’s stock after selling 9,576 shares during the period. Caliber Wealth Management LLC KS owned approximately 0.07% of Kimbell Royalty worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in Kimbell Royalty in the 1st quarter worth $29,000. GAMMA Investing LLC purchased a new position in Kimbell Royalty in the 1st quarter worth $34,000. Hilltop National Bank purchased a new position in Kimbell Royalty in the 2nd quarter worth $42,000. Chilton Capital Management LLC purchased a new position in Kimbell Royalty in the 1st quarter worth $44,000. Finally, MAI Capital Management raised its stake in Kimbell Royalty by 4,300.0% in the 1st quarter. MAI Capital Management now owns 4,400 shares of the energy company’s stock worth $62,000 after acquiring an additional 4,300 shares during the last quarter. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Analysts Set New Price Targets

KRP has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimbell Royalty in a research note on Wednesday, October 8th. Zacks Research lowered Kimbell Royalty from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. 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 note on Wednesday, September 3rd. Finally, Wall Street Zen lowered Kimbell Royalty from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. 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 company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $17.20.

Insider Buying and Selling at Kimbell Royalty

In other news, insider Blayne Rhynsburger sold 3,600 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $13.74, for a total transaction of $49,464.00. Following the transaction, the insider directly owned 43,663 shares in the company, valued at $599,929.62. The trade was a 7.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Kimbell Royalty Price Performance

NYSE:KRP opened at $13.11 on Thursday. Kimbell Royalty has a 52 week low of $10.98 and a 52 week high of $16.99. The stock’s 50-day moving average price is $13.57 and its 200-day moving average price is $13.53. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.41 billion, a PE ratio of -327.68 and a beta of 0.45.

Kimbell Royalty (NYSE:KRP) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). Kimbell Royalty had a return on equity of 12.56% and a net margin of 10.67%.The firm had revenue of $86.55 million for the quarter, compared to analysts’ expectations of $79.77 million. During the same quarter last year, the firm posted $0.11 earnings per share. Kimbell Royalty’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities analysts expect that Kimbell Royalty will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 11.6%. The ex-dividend date was Monday, August 18th. Kimbell Royalty’s payout ratio is currently -3,800.00%.

Kimbell Royalty Company Profile