Brokerages Set Kimbell Royalty Partners, LP (NYSE:KRP) PT at $20.50

Kimbell Royalty Partners, LP (NYSE:KRP) has been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment 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 company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.40.

A number of brokerages have weighed in on KRP. KeyCorp cut their price target on shares of 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 reduced their target price on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, September 30th.

Kimbell Royalty Partners Stock Performance

Shares of Kimbell Royalty Partners stock opened at $16.18 on Monday. The stock’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $16.21. 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 company has a market capitalization of $1.55 billion, a PE ratio of 31.73, a PEG ratio of 1.99 and a beta of 1.13. Kimbell Royalty Partners has a 12 month low of $14.26 and a 12 month high of $17.07.

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

Kimbell Royalty Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend was Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 321.57%.

Insider Buying and Selling at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total value of $82,050.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AlphaCore Capital LLC raised its stake in shares of Kimbell Royalty Partners by 0.5% during the 3rd quarter. AlphaCore Capital LLC now owns 147,789 shares of the energy company’s stock worth $2,378,000 after purchasing an additional 675 shares in the last quarter. National Bank of Canada FI raised its position in Kimbell Royalty Partners by 5.5% during the second quarter. National Bank of Canada FI now owns 13,138 shares of the energy company’s stock worth $217,000 after acquiring an additional 685 shares in the last quarter. California State Teachers Retirement System lifted its stake in Kimbell Royalty Partners by 1.2% in the first quarter. California State Teachers Retirement System now owns 59,742 shares of the energy company’s stock valued at $927,000 after acquiring an additional 700 shares during the last quarter. Centaurus Financial Inc. grew its position in shares of Kimbell Royalty Partners by 4.7% in the 2nd quarter. Centaurus Financial Inc. now owns 18,315 shares of the energy company’s stock valued at $300,000 after acquiring an additional 823 shares during the period. Finally, Carson Advisory Inc. grew its position in shares of Kimbell Royalty Partners by 1.8% in the 3rd quarter. Carson Advisory Inc. now owns 49,150 shares of the energy company’s stock valued at $791,000 after acquiring an additional 883 shares during the period. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Partners Company Profile