Kimbell Royalty Partners (NYSE:KRP) Given “Market Perform” Rating at Raymond James

Kimbell Royalty Partners (NYSE:KRP)‘s stock had its “market perform” rating reaffirmed by analysts at Raymond James in a note issued to investors on Monday, Marketbeat reports.

Separately, Truist Financial lifted their target price on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th.

Kimbell Royalty Partners Trading Down 4.0 %

NYSE KRP opened at $13.85 on Monday. The firm’s 50-day moving average is $15.72 and its two-hundred day moving average is $15.86. The stock has a market capitalization of $1.32 billion, a P/E ratio of 27.15, a PEG ratio of 4.25 and a beta of 1.08. Kimbell Royalty Partners has a 12 month low of $13.63 and a 12 month 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.

Institutional Trading of Kimbell Royalty Partners

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new position in Kimbell Royalty Partners in the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust acquired a new position in Kimbell Royalty Partners during the 4th quarter worth approximately $32,000. Jones Financial Companies Lllp lifted its position in shares of Kimbell Royalty Partners by 293.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company’s stock worth $44,000 after purchasing an additional 2,028 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Kimbell Royalty Partners during the fourth quarter worth $49,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Kimbell Royalty Partners in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile