Kimbell Royalty Partners, LP (NYSE:KRP) Receives Consensus Rating of “Hold” from Brokerages

Kimbell Royalty Partners, LP (NYSE:KRP) has been given a consensus rating of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.40.

A number of equities research analysts have recently weighed in on KRP shares. Bank of America dropped their target price on Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating for the company in a report on Tuesday, March 4th. Truist Financial lowered shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and lowered their price target for the stock from $22.00 to $16.00 in a research report on Tuesday, March 4th. KeyCorp cut their price objective on shares of Kimbell Royalty Partners from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Royal Bank of Canada raised shares of Kimbell Royalty Partners to a “moderate buy” rating in a report on Friday, March 14th. Finally, Raymond James reiterated a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd.

Kimbell Royalty Partners Trading Up 0.2%

Shares of KRP stock opened at $13.55 on Tuesday. Kimbell Royalty Partners has a 12-month low of $10.98 and a 12-month high of $17.07. The company has a market capitalization of $1.45 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 4.25 and a beta of 0.44. The firm has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $14.73. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The business had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $84.05 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS. As a group, analysts predict that Kimbell Royalty Partners will post 0.65 earnings per share for the current year.

Kimbell Royalty Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 20th will be paid a $0.47 dividend. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, May 20th. This represents a $1.88 annualized dividend and a yield of 13.87%. Kimbell Royalty Partners’s dividend payout ratio is presently 3,760.00%.

Insider Activity at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 7,851 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total transaction of $108,814.86. Following the transaction, the insider now directly owns 49,263 shares of the company’s stock, valued at $682,785.18. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kimbell Royalty Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. purchased a new stake in shares of Kimbell Royalty Partners during the 1st quarter valued at $29,000. PNC Financial Services Group Inc. bought a new position in Kimbell Royalty Partners during the fourth quarter valued at approximately $32,000. Parkside Financial Bank & Trust purchased a new position in Kimbell Royalty Partners in the 4th quarter worth approximately $32,000. GAMMA Investing LLC bought a new position in shares of Kimbell Royalty Partners during the first quarter valued at about $34,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of Kimbell Royalty Partners in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile