SG Americas Securities LLC Has $550,000 Position in Kimbell Royalty Partners, LP (NYSE:KRP)

SG Americas Securities LLC lessened its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,899 shares of the energy company’s stock after selling 4,081 shares during the period. SG Americas Securities LLC’s holdings in Kimbell Royalty Partners were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Kimbell Royalty Partners by 98.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock valued at $49,000 after buying an additional 1,484 shares during the last quarter. Hilltop National Bank bought a new stake in Kimbell Royalty Partners during the fourth quarter valued at about $49,000. Godsey & Gibb Inc. grew its position in shares of Kimbell Royalty Partners by 62.9% in the third quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock valued at $66,000 after purchasing an additional 1,580 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of Kimbell Royalty Partners in the third quarter worth about $79,000. Finally, Nadler Financial Group Inc. acquired a new position in shares of Kimbell Royalty Partners during the 3rd quarter worth about $165,000. Institutional investors own 25.78% of the company’s stock.

Insider Buying and Selling at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of Kimbell Royalty Partners 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 completion of the transaction, the insider now directly owns 45,164 shares of the company’s stock, valued at approximately $741,141.24. This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KRP. Truist Financial raised their target price on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. Raymond James raised their price objective on shares of Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, KeyCorp cut 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 investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

Kimbell Royalty Partners Stock Performance

KRP opened at $15.39 on Friday. The stock’s 50 day simple moving average is $15.85 and its 200-day simple moving average is $15.98. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.47 billion, a PE ratio of 30.17, a P/E/G ratio of 4.17 and a beta of 1.10. Kimbell Royalty Partners, LP has a 1 year low of $14.57 and a 1 year high of $17.07.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $80.03 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. Sell-side analysts forecast that Kimbell Royalty Partners, LP will post 0.65 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date of this dividend was Monday, November 18th. Kimbell Royalty Partners’s payout ratio is 321.57%.

About Kimbell Royalty Partners