Westwood Holdings Group Inc. Makes New Investment in Kimbell Royalty Partners, LP (NYSE:KRP)

Westwood Holdings Group Inc. acquired a new position in Kimbell Royalty Partners, LP (NYSE:KRPFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 148,200 shares of the energy company’s stock, valued at approximately $2,230,000. Westwood Holdings Group Inc. owned about 0.16% of Kimbell Royalty Partners at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Solutions LLC purchased a new position in shares of Kimbell Royalty Partners in the 4th quarter worth approximately $195,000. Pingora Partners LLC purchased a new position in shares of Kimbell Royalty Partners in the 4th quarter worth approximately $662,000. Olympiad Research LP purchased a new position in shares of Kimbell Royalty Partners in the 4th quarter worth approximately $227,000. TD Asset Management Inc boosted its holdings in shares of Kimbell Royalty Partners by 2.0% in the 4th quarter. TD Asset Management Inc now owns 65,586 shares of the energy company’s stock worth $987,000 after purchasing an additional 1,268 shares during the period. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Kimbell Royalty Partners by 21.2% in the 4th quarter. Apollon Wealth Management LLC now owns 16,596 shares of the energy company’s stock worth $250,000 after purchasing an additional 2,903 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Insider Transactions at Kimbell Royalty Partners

In other news, Director Brett G. Taylor sold 50,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $16.52, for a total value of $826,000.00. Following the completion of the transaction, the director now directly owns 249,030 shares of the company’s stock, valued at approximately $4,113,975.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Brett G. Taylor sold 27,163 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $15.51, for a total transaction of $421,298.13. Following the transaction, the director now directly owns 299,030 shares of the company’s stock, valued at approximately $4,637,955.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brett G. Taylor sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $16.52, for a total value of $826,000.00. Following the transaction, the director now directly owns 249,030 shares in the company, valued at $4,113,975.60. The disclosure for this sale can be found here. In the last three months, insiders sold 83,650 shares of company stock valued at $1,348,495. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KRP. TD Securities dropped their price objective on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. KeyCorp boosted their price objective on Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Truist Financial dropped their price objective on Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 5th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $21.00.

View Our Latest Report on Kimbell Royalty Partners

Kimbell Royalty Partners Trading Up 0.2 %

Shares of NYSE KRP opened at $16.79 on Monday. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $16.25 and a two-hundred day simple moving average of $15.56. The firm has a market cap of $1.60 billion, a PE ratio of 27.98 and a beta of 1.10. Kimbell Royalty Partners, LP has a twelve month low of $14.02 and a twelve month high of $17.11.

Kimbell Royalty Partners (NYSE:KRPGet Free Report) last issued its earnings results on Thursday, May 2nd. The energy company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). The firm had revenue of $87.50 million for the quarter, compared to the consensus estimate of $79.42 million. Kimbell Royalty Partners had a net margin of 12.93% and a return on equity of 5.74%. The company’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. Analysts expect that Kimbell Royalty Partners, LP will post 0.74 earnings per share for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 11.67%. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, May 10th. Kimbell Royalty Partners’s payout ratio is presently 326.67%.

Kimbell Royalty Partners Company Profile

(Free Report)

See Also

Want to see what other hedge funds are holding KRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimbell Royalty Partners, LP (NYSE:KRPFree Report).

Institutional Ownership by Quarter for Kimbell Royalty Partners (NYSE:KRP)

Receive News & Ratings for Kimbell Royalty Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimbell Royalty Partners and related companies with MarketBeat.com's FREE daily email newsletter.