Kimbell Royalty Partners’ (KRP) Market Perform Rating Reaffirmed at Raymond James

Raymond James restated their market perform rating on shares of Kimbell Royalty Partners (NYSE:KRP) in a research report sent to investors on Monday, MarketBeat Ratings reports.

Separately, Truist Financial lifted their price objective on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 13th.

Kimbell Royalty Partners Stock Down 6.0 %

Shares of KRP stock opened at $14.40 on Monday. Kimbell Royalty Partners has a 1 year low of $14.30 and a 1 year high of $17.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. The business’s fifty day moving average is $15.75 and its 200-day moving average is $15.87. The stock has a market cap of $1.38 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 4.25 and a beta of 1.08.

Kimbell Royalty Partners Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.11%. The ex-dividend date of this dividend is Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio is 321.57%.

Hedge Funds Weigh In On Kimbell Royalty Partners

A number of institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in shares of Kimbell Royalty Partners by 1,509.0% in the third quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock worth $1,573,000 after buying an additional 91,672 shares during the period. Accordant Advisory Group Inc boosted its stake in Kimbell Royalty Partners by 10.3% in the 4th quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company’s stock worth $3,431,000 after purchasing an additional 19,716 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in Kimbell Royalty Partners by 38.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company’s stock worth $4,334,000 after purchasing an additional 74,098 shares during the period. JPMorgan Chase & Co. grew its position in Kimbell Royalty Partners by 65.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company’s stock worth $693,000 after purchasing an additional 17,029 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kimbell Royalty Partners by 11.2% during the 3rd 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 purchasing an additional 10,176 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

About Kimbell Royalty Partners