Kimbell Royalty (NYSE:KRP) Given Average Rating of “Hold” by Analysts

Kimbell Royalty (NYSE:KRP) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.80.

KRP has been the subject of a number of analyst reports. Wall Street Zen raised shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Citigroup reduced their price objective on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Zacks Research lowered shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. KeyCorp restated a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Finally, Weiss Ratings upgraded Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd.

Institutional Investors Weigh In On Kimbell Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of KRP. American Century Companies Inc. boosted its position in shares of Kimbell Royalty by 9.2% during the 3rd quarter. American Century Companies Inc. now owns 3,026,429 shares of the energy company’s stock valued at $40,827,000 after purchasing an additional 255,688 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Kimbell Royalty by 32.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,210,948 shares of the energy company’s stock worth $14,241,000 after purchasing an additional 294,482 shares in the last quarter. UBS Group AG lifted its stake in Kimbell Royalty by 9.4% during the fourth quarter. UBS Group AG now owns 1,009,057 shares of the energy company’s stock valued at $11,867,000 after purchasing an additional 86,957 shares during the last quarter. Energy Income Partners LLC boosted its holdings in Kimbell Royalty by 12.3% during the third quarter. Energy Income Partners LLC now owns 647,396 shares of the energy company’s stock worth $8,733,000 after buying an additional 70,783 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its position in Kimbell Royalty by 0.9% in the third quarter. Pin Oak Investment Advisors Inc. now owns 618,128 shares of the energy company’s stock worth $8,339,000 after buying an additional 5,213 shares during the last quarter. 25.78% of the stock is currently owned by institutional investors.

Kimbell Royalty Stock Performance

Shares of KRP opened at $14.24 on Thursday. The firm has a fifty day moving average of $12.58 and a 200-day moving average of $13.15. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -203.36, a price-to-earnings-growth ratio of 4.29 and a beta of 0.34. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.39 and a current ratio of 5.39. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.14.

Kimbell Royalty Company Profile

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.