Kimbell Royalty Partners (NYSE:KRP) Now Covered by Analysts at KeyCorp

KeyCorp began coverage on shares of Kimbell Royalty Partners (NYSE:KRPGet Rating) in a research note released on Monday, The Fly reports. The firm issued a sector weight rating on the energy company’s stock.

Several other analysts have also recently issued reports on the company. TheStreet raised Kimbell Royalty Partners from a c+ rating to a b rating in a report on Thursday, August 4th. Citigroup started coverage on Kimbell Royalty Partners in a report on Wednesday, August 24th. They set a buy rating and a $24.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $21.40.

Kimbell Royalty Partners Trading Up 0.9 %

KRP stock opened at $17.79 on Monday. Kimbell Royalty Partners has a 1-year low of $12.50 and a 1-year high of $20.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 15.34 and a beta of 1.52. The business has a 50 day simple moving average of $17.29 and a two-hundred day simple moving average of $17.13.

Kimbell Royalty Partners (NYSE:KRPGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The energy company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.25. The business had revenue of $72.71 million for the quarter, compared to analysts’ expectations of $60.36 million. Kimbell Royalty Partners had a return on equity of 25.19% and a net margin of 41.55%. Research analysts anticipate that Kimbell Royalty Partners will post 1.2 EPS for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 15th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 12.37%. The ex-dividend date of this dividend was Friday, August 12th. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.47. Kimbell Royalty Partners’s dividend payout ratio is presently 189.66%.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 29,100 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $17.52, for a total value of $509,832.00. Following the sale, the director now owns 612,593 shares in the company, valued at $10,732,629.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 2,500 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $17.73, for a total value of $44,325.00. Following the sale, the insider now owns 46,616 shares in the company, valued at $826,501.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brett G. Taylor sold 29,100 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $17.52, for a total value of $509,832.00. Following the completion of the sale, the director now owns 612,593 shares in the company, valued at approximately $10,732,629.36. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Kimbell Royalty Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG bought a new position in shares of Kimbell Royalty Partners during the 2nd quarter worth $32,000. Captrust Financial Advisors bought a new position in shares of Kimbell Royalty Partners during the 1st quarter worth $41,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Kimbell Royalty Partners during the 2nd quarter worth $57,000. National Bank of Canada FI bought a new position in shares of Kimbell Royalty Partners during the 1st quarter worth $65,000. Finally, Quantbot Technologies LP bought a new position in shares of Kimbell Royalty Partners during the 1st quarter worth $81,000. Hedge funds and other institutional investors own 49.15% of the company’s stock.

About Kimbell Royalty Partners

(Get Rating)

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres.

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Analyst Recommendations for Kimbell Royalty Partners (NYSE:KRP)

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