Epoch Investment Partners Inc. Reduces Stock Holdings in Kimbell Royalty Partners, LP (NYSE:KRP)

Epoch Investment Partners Inc. lessened its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 80.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,940 shares of the energy company’s stock after selling 606,476 shares during the period. Epoch Investment Partners Inc. owned approximately 0.15% of Kimbell Royalty Partners worth $2,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Board of Trustees of The Leland Stanford Junior University boosted its stake in shares of Kimbell Royalty Partners by 148.1% in the fourth quarter. Board of Trustees of The Leland Stanford Junior University now owns 111,638 shares of the energy company’s stock worth $1,680,000 after buying an additional 66,638 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Kimbell Royalty Partners in the 4th quarter valued at $2,230,000. First Financial Bankshares Inc acquired a new stake in Kimbell Royalty Partners during the fourth quarter valued at $4,200,000. SG Americas Securities LLC acquired a new position in shares of Kimbell Royalty Partners in the second quarter worth about $1,227,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Kimbell Royalty Partners by 189.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,373,991 shares of the energy company’s stock worth $19,882,000 after acquiring an additional 899,322 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $15.71, for a total value of $78,550.00. Following the completion of the sale, the insider now owns 50,164 shares of the company’s stock, valued at $788,076.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Stock Performance

Shares of NYSE:KRP opened at $16.09 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.68 and a quick ratio of 5.68. Kimbell Royalty Partners, LP has a 1 year low of $14.26 and a 1 year high of $17.11. The firm has a market capitalization of $1.54 billion, a PE ratio of 26.82, a P/E/G ratio of 1.29 and a beta of 1.13. The business’s 50 day moving average price is $15.96 and its 200-day moving average price is $16.12.

Kimbell Royalty Partners (NYSE:KRP) last released its earnings results on Thursday, August 1st. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $76.60 million for the quarter, compared to analysts’ expectations of $81.19 million. Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. Kimbell Royalty Partners’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. As a group, equities research analysts expect that Kimbell Royalty Partners, LP will post 0.99 earnings per share for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 10.44%. The ex-dividend date of this dividend was Monday, August 12th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 280.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Bank of America reaffirmed an “underperform” rating and issued a $16.00 price target on shares of Kimbell Royalty Partners in a report on Friday, June 14th. Truist Financial increased their target price on Kimbell Royalty Partners from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Kimbell Royalty Partners Profile