Kimbell Royalty Partners, LP (NYSE:KRP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Kimbell Royalty Partners, LP (NYSE:KRP) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $20.57.

KRP has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Truist Financial dropped their price objective on shares of Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, 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.

Insiders Place Their Bets

In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $16.52, for a total value of $826,000.00. Following the completion of the transaction, the director now owns 249,030 shares in the company, valued at $4,113,975.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KRP. Barclays PLC grew its stake in Kimbell Royalty Partners by 13.2% during the 3rd quarter. Barclays PLC now owns 11,909 shares of the energy company’s stock valued at $191,000 after acquiring an additional 1,386 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Kimbell Royalty Partners by 10.8% in the 3rd quarter. HighTower Advisors LLC now owns 36,410 shares of the energy company’s stock valued at $583,000 after buying an additional 3,560 shares during the period. Stifel Financial Corp grew its stake in shares of Kimbell Royalty Partners by 46.7% in the 3rd quarter. Stifel Financial Corp now owns 229,258 shares of the energy company’s stock valued at $3,668,000 after buying an additional 73,029 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Kimbell Royalty Partners in the 3rd quarter valued at approximately $1,199,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Kimbell Royalty Partners in the 3rd quarter valued at approximately $198,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Price Performance

NYSE KRP opened at $16.33 on Friday. The firm’s fifty day simple moving average is $16.33 and its two-hundred day simple moving average is $15.67. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 0.42. Kimbell Royalty Partners has a 12-month low of $14.02 and a 12-month high of $17.11. The firm has a market capitalization of $1.56 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.83 and a beta of 1.10.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). The company had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $79.42 million. Kimbell Royalty Partners had a net margin of 12.93% and a return on equity of 5.74%. Kimbell Royalty Partners’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. Analysts forecast that Kimbell Royalty Partners will post 0.79 EPS for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 12.01%. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, May 10th. Kimbell Royalty Partners’s dividend payout ratio is presently 326.67%.

Kimbell Royalty Partners Company Profile