Kimbell Royalty Partners, LP (NYSE:KRP) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in Kimbell Royalty Partners, LP (NYSE:KRP) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,300 shares of the energy company’s stock after purchasing an additional 18,700 shares during the quarter. Swiss National Bank owned about 0.14% of Kimbell Royalty Partners worth $2,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KRP. PNC Financial Services Group Inc. acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at about $32,000. Parkside Financial Bank & Trust acquired a new stake in Kimbell Royalty Partners in the 4th quarter valued at about $32,000. Jones Financial Companies Lllp lifted its stake in Kimbell Royalty Partners by 293.5% in 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 in the last quarter. Hilltop National Bank acquired a new position in shares of Kimbell Royalty Partners during the 4th quarter worth approximately $49,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Kimbell Royalty Partners by 166.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,000 shares of the energy company’s stock valued at $65,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Insider Activity

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.86, for a total value of $108,814.86. Following the sale, the insider now owns 49,263 shares of the company’s stock, valued at $682,785.18. The trade was a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KRP. Bank of America lowered their price objective on Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 4th. Truist Financial lowered shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and dropped their price objective for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. Raymond James restated a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Finally, Royal Bank of Canada upgraded shares of Kimbell Royalty Partners to a “moderate buy” rating in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Kimbell Royalty Partners has a consensus rating of “Hold” and an average price target of $18.25.

Kimbell Royalty Partners Stock Performance

NYSE KRP opened at $14.26 on Friday. The stock has a market cap of $1.53 billion, a PE ratio of 27.96, a P/E/G ratio of 4.25 and a beta of 1.01. Kimbell Royalty Partners, LP has a twelve month low of $13.24 and a twelve month high of $17.07. The stock has a fifty day simple moving average of $14.99 and a 200-day simple moving average of $15.63. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio is presently -1,454.55%.

Kimbell Royalty Partners Profile