Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,359 shares of the energy company’s stock after selling 2,650 shares during the period. Cerity Partners LLC owned approximately 0.05% of Kimbell Royalty Partners worth $773,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Godsey & Gibb Inc. increased its holdings in shares of Kimbell Royalty Partners by 433.3% during the third quarter. Godsey & Gibb Inc. now owns 1,600 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,300 shares during the period. First Command Advisory Services Inc. acquired a new position in shares of Kimbell Royalty Partners during the third quarter valued at $48,000. Barclays PLC bought a new position in Kimbell Royalty Partners during the second quarter valued at about $155,000. National Bank of Canada FI boosted its stake in Kimbell Royalty Partners by 29.6% during the third quarter. National Bank of Canada FI now owns 10,962 shares of the energy company’s stock valued at $171,000 after buying an additional 2,501 shares in the last quarter. Finally, Annandale Capital LLC boosted its stake in Kimbell Royalty Partners by 8.1% during the third quarter. Annandale Capital LLC now owns 11,328 shares of the energy company’s stock valued at $181,000 after buying an additional 850 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 5,480 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $15.55, for a total transaction of $85,214.00. Following the completion of the sale, the director now directly owns 343,082 shares in the company, valued at approximately $5,334,925.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 16,889 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $15.71, for a total transaction of $265,326.19. Following the completion of the sale, the director now directly owns 326,193 shares in the company, valued at approximately $5,124,492.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brett G. Taylor sold 5,480 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $15.55, for a total value of $85,214.00. Following the sale, the director now owns 343,082 shares of the company’s stock, valued at $5,334,925.10. 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. 5.60% of the stock is currently owned by company insiders.

Kimbell Royalty Partners Trading Down 1.3 %

NYSE:KRP opened at $15.88 on Tuesday. The company has a quick ratio of 7.95, a current ratio of 7.95 and a debt-to-equity ratio of 0.41. Kimbell Royalty Partners, LP has a 1-year low of $14.02 and a 1-year high of $17.11. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.26 and a beta of 1.08. The stock has a fifty day simple moving average of $15.65 and a 200 day simple moving average of $15.49.

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

Kimbell Royalty Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.72 dividend on an annualized basis and a yield of 10.83%. Kimbell Royalty Partners’s payout ratio is presently 186.96%.

Wall Street Analysts Forecast Growth

KRP has been the subject of several research reports. Raymond James decreased their target price on Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. KeyCorp raised their target price on Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial decreased their target price on 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, TD Securities decreased their target price on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kimbell Royalty Partners presently has an average rating of “Buy” and a consensus target price of $21.00.

Kimbell Royalty Partners Company Profile