SG Americas Securities LLC Lowers Stake in Kimbell Royalty Partners, LP (NYSE:KRP)

SG Americas Securities LLC reduced its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 49.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,980 shares of the energy company’s stock after selling 37,046 shares during the quarter. SG Americas Securities LLC’s holdings in Kimbell Royalty Partners were worth $611,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Centaurus Financial Inc. raised its holdings in shares of Kimbell Royalty Partners by 4.7% in the second quarter. Centaurus Financial Inc. now owns 18,315 shares of the energy company’s stock valued at $300,000 after acquiring an additional 823 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Kimbell Royalty Partners by 98.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock valued at $49,000 after acquiring an additional 1,484 shares in the last quarter. Algert Global LLC bought a new stake in shares of Kimbell Royalty Partners in the second quarter valued at about $223,000. EverSource Wealth Advisors LLC bought a new stake in shares of Kimbell Royalty Partners in the second quarter valued at about $25,000. Finally, Bridgewealth Advisory Group LLC bought a new stake in shares of Kimbell Royalty Partners in the second quarter valued at about $165,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $15.71, for a total transaction of $78,550.00. Following the transaction, the insider now owns 50,164 shares in the company, valued at $788,076.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Kimbell Royalty Partners Stock Performance

Shares of Kimbell Royalty Partners stock opened at $16.28 on Tuesday. The company has a market capitalization of $1.55 billion, a PE ratio of 27.13, a P/E/G ratio of 1.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.68 and a current ratio of 5.68. The company has a 50-day simple moving average of $15.84 and a two-hundred day simple moving average of $16.18. Kimbell Royalty Partners, LP has a one year low of $14.26 and a one year high of $17.11.

Kimbell Royalty Partners (NYSE:KRP) last announced its earnings results on Thursday, August 1st. The energy company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $76.60 million during the quarter, compared to the consensus estimate of $81.19 million. Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Research analysts expect that Kimbell Royalty Partners, LP will post 0.83 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were issued a $0.42 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.68 dividend on an annualized basis and a yield of 10.32%. Kimbell Royalty Partners’s dividend payout ratio is presently 280.00%.

Analyst Ratings Changes

Separately, Truist Financial decreased their price objective on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.67.

Kimbell Royalty Partners Profile