Kimbell Royalty Partners, LP (NYSE:KRP) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 1,175.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,605 shares of the energy company’s stock after buying an additional 12,538 shares during the quarter. Barclays PLC’s holdings in Kimbell Royalty Partners were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Kimbell Royalty Partners by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 1,508,131 shares of the energy company’s stock worth $24,673,000 after purchasing an additional 260,332 shares during the period. Raymond James & Associates boosted its stake in Kimbell Royalty Partners by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company’s stock worth $17,998,000 after purchasing an additional 64,678 shares during the period. King Luther Capital Management Corp boosted its stake in Kimbell Royalty Partners by 7.3% in the 2nd quarter. King Luther Capital Management Corp now owns 440,919 shares of the energy company’s stock worth $7,213,000 after purchasing an additional 29,998 shares during the period. Stifel Financial Corp boosted its stake in Kimbell Royalty Partners by 3.3% in the 3rd quarter. Stifel Financial Corp now owns 235,945 shares of the energy company’s stock worth $3,796,000 after purchasing an additional 7,626 shares during the period. Finally, Aptus Capital Advisors LLC boosted its stake in Kimbell Royalty Partners by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company’s stock worth $3,662,000 after purchasing an additional 30,788 shares during the period. Institutional investors and hedge funds own 25.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KRP shares. Truist Financial decreased their target price on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, September 30th. KeyCorp decreased their target price on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a research note 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.40.

Insider Transactions at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total value of $82,050.00. Following the sale, the insider now owns 45,164 shares of the company’s stock, valued at $741,141.24. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Stock Performance

Shares of KRP opened at $16.15 on Tuesday. The company has a market capitalization of $1.54 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.10. Kimbell Royalty Partners, LP has a one year low of $14.26 and a one year high of $17.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. The company’s fifty day moving average price is $16.00 and its 200 day moving average price is $16.09.

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

Kimbell Royalty Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.64 annualized dividend and a dividend yield of 10.15%. Kimbell Royalty Partners’s payout ratio is 321.57%.

Kimbell Royalty Partners Profile