Rockefeller Capital Management L.P. Purchases 5,190 Shares of Kimbell Royalty Partners, LP (NYSE:KRP)

Rockefeller Capital Management L.P. boosted its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,841 shares of the energy company’s stock after buying an additional 5,190 shares during the period. Rockefeller Capital Management L.P.’s holdings in Kimbell Royalty Partners were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Kimbell Royalty Partners during the second quarter worth $25,000. Summit Securities Group LLC purchased a new position in shares of Kimbell Royalty Partners during the 2nd quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kimbell Royalty Partners by 98.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock valued at $49,000 after buying an additional 1,484 shares during the period. Godsey & Gibb Inc. boosted its stake in shares of Kimbell Royalty Partners by 62.9% in the third quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock worth $66,000 after buying an additional 1,580 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Kimbell Royalty Partners during the second quarter worth about $99,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total transaction of $82,050.00. Following the sale, the insider now directly owns 45,164 shares in the company, valued at $741,141.24. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Trading Down 0.7 %

Shares of KRP stock opened at $15.67 on Wednesday. The stock has a 50 day simple moving average of $16.12 and a 200-day simple moving average of $16.18. Kimbell Royalty Partners, LP has a 1-year low of $14.26 and a 1-year high of $17.07. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20.

Kimbell Royalty Partners (NYSE:KRP) last announced its earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $83.79 million for the quarter, compared to analysts’ expectations of $80.03 million. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. On average, equities research analysts expect that Kimbell Royalty Partners, LP will post 0.69 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.41 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.64 annualized dividend and a yield of 10.47%. Kimbell Royalty Partners’s payout ratio is 321.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KRP shares. Truist Financial dropped their price objective on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. KeyCorp dropped their price target on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.40.

Kimbell Royalty Partners Profile