Barclays PLC raised its position in shares of Kimbell Royalty Partners, LP (NYSE:KRP – Free Report) by 1,175.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,605 shares of the energy company’s stock after acquiring 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.
A number of other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC raised its holdings 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kimbell Royalty Partners by 11.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,134 shares of the energy company’s stock valued at $1,627,000 after acquiring an additional 10,176 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Kimbell Royalty Partners by 42.6% in the 3rd quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company’s stock valued at $345,000 after acquiring an additional 6,401 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Kimbell Royalty Partners by 19.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,841 shares of the energy company’s stock worth $512,000 after acquiring an additional 5,190 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of 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 acquiring an additional 64,678 shares during the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. KeyCorp cut their price objective on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Truist Financial boosted their price objective on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.60.
Kimbell Royalty Partners Stock Down 0.0 %
KRP opened at $15.95 on Wednesday. The business has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $16.04. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.52 billion, a PE ratio of 31.27, a P/E/G ratio of 8.37 and a beta of 1.10. Kimbell Royalty Partners, LP has a 52 week low of $14.57 and a 52 week high of $17.07.
Kimbell Royalty Partners (NYSE:KRP – Get Free Report) 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. The business had revenue of $83.79 million during the quarter, compared to the consensus estimate of $80.03 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. As a group, research analysts anticipate that Kimbell Royalty Partners, LP will post 0.65 EPS for the current year.
Kimbell Royalty Partners Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.29%. The ex-dividend date of this dividend was Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio is currently 321.57%.
Insider Buying and Selling
In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total transaction of $82,050.00. Following the sale, the insider now owns 45,164 shares in the company, valued at approximately $741,141.24. This represents a 9.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.
About Kimbell Royalty Partners
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