Kimbell Royalty Partners, LP (NYSE:KRP) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 1,540.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,429 shares of the energy company’s stock after purchasing an additional 85,854 shares during the period. International Assets Investment Management LLC’s holdings in Kimbell Royalty Partners were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KRP. Aptus Capital Advisors LLC purchased a new stake in shares of Kimbell Royalty Partners during the third quarter valued at $2,280,000. Raymond James Financial Services Advisors Inc. boosted its stake in Kimbell Royalty Partners by 6.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 521,720 shares of the energy company’s stock worth $7,852,000 after purchasing an additional 31,106 shares during the period. Quadrature Capital Ltd purchased a new position in Kimbell Royalty Partners during the 3rd quarter worth approximately $1,199,000. Stifel Financial Corp boosted its holdings in shares of Kimbell Royalty Partners by 46.7% during the third quarter. Stifel Financial Corp now owns 229,258 shares of the energy company’s stock worth $3,668,000 after purchasing an additional 73,029 shares during the period. Finally, Barclays PLC raised its holdings in shares of Kimbell Royalty Partners by 13.2% during the third quarter. Barclays PLC now owns 11,909 shares of the energy company’s stock worth $191,000 after acquiring an additional 1,386 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Insider Activity

In related news, Director Brett G. Taylor sold 22,327 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $15.68, for a total value of $350,087.36. Following the sale, the director now owns 402,536 shares of the company’s stock, valued at $6,311,764.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Blayne Rhynsburger sold 6,487 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $15.60, for a total transaction of $101,197.20. Following the completion of the sale, the insider now owns 55,164 shares of the company’s stock, valued at $860,558.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brett G. Taylor sold 22,327 shares of Kimbell Royalty Partners stock in a transaction on Friday, March 1st. The shares were sold at an average price of $15.68, for a total transaction of $350,087.36. Following the completion of the sale, the director now owns 402,536 shares of the company’s stock, valued at approximately $6,311,764.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,672 shares of company stock worth $1,571,185. Insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Stock Performance

KRP opened at $16.09 on Monday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 17.49 and a beta of 1.08. Kimbell Royalty Partners, LP has a 1 year low of $14.02 and a 1 year high of $17.11. The business’s 50-day moving average price is $15.65 and its two-hundred day moving average price is $15.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 7.95 and a quick ratio of 7.95.

Kimbell Royalty Partners (NYSE:KRP) last issued its earnings results on Wednesday, February 21st. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.13). The firm had revenue of $99.20 million during the quarter, compared to analyst estimates of $83.89 million. Kimbell Royalty Partners had a net margin of 20.45% and a return on equity of 8.98%. The company’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. Equities analysts expect that Kimbell Royalty Partners, LP will post 0.79 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 13th were paid a $0.43 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.69%. Kimbell Royalty Partners’s payout ratio is currently 186.96%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KRP. TD Securities lowered their price objective on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Raymond James reduced their price objective on shares of Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Truist Financial cut their target price on shares of Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, KeyCorp reduced their target price on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kimbell Royalty Partners has an average rating of “Buy” and an average target price of $20.86.

Kimbell Royalty Partners Company Profile