Barclays PLC Raises Stock Position in Kimbell Royalty Partners, LP (NYSE:KRP)

Barclays PLC boosted its position in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 1,175.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,605 shares of the energy company’s stock after purchasing an additional 12,538 shares during the period. Barclays PLC’s holdings in Kimbell Royalty Partners were worth $219,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of 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 valued at $24,673,000 after acquiring an additional 260,332 shares during the period. International Assets Investment Management LLC boosted its position in Kimbell Royalty Partners by 1,509.0% in the 3rd quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock valued at $1,573,000 after buying an additional 91,672 shares during the period. Raymond James & Associates grew its stake in shares of Kimbell Royalty Partners by 6.1% in the third quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company’s stock worth $17,998,000 after acquiring an additional 64,678 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Kimbell Royalty Partners by 102.9% during the second quarter. Oppenheimer & Co. Inc. now owns 87,377 shares of the energy company’s stock worth $1,429,000 after acquiring an additional 44,320 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of Kimbell Royalty Partners by 80.8% in the third quarter. GSA Capital Partners LLP now owns 94,613 shares of the energy company’s stock valued at $1,522,000 after acquiring an additional 42,275 shares in the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Partners Stock Performance

Shares of KRP stock opened at $16.15 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. Kimbell Royalty Partners, LP has a one year low of $14.26 and a one year high of $17.07. The company’s 50-day simple moving average is $16.00 and its 200-day simple moving average is $16.09. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 1.95 and a beta of 1.10.

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

Kimbell Royalty Partners Cuts Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on KRP. KeyCorp cut their price target on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Truist Financial cut their price target on 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. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.40.

Insider Activity at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total transaction of $82,050.00. Following the transaction, the insider now owns 45,164 shares in the company, valued at $741,141.24. This trade represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Company Profile