Kimbell Royalty Partners, LP (NYSE:KRP) Insider Blayne Rhynsburger Sells 7,851 Shares

Kimbell Royalty Partners, LP (NYSE:KRP) insider Blayne Rhynsburger sold 7,851 shares of Kimbell Royalty Partners stock in a transaction 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 transaction, the insider now owns 49,263 shares in the company, valued at approximately $682,785.18. This represents a 13.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kimbell Royalty Partners Trading Up 0.8 %

Shares of NYSE KRP opened at $14.22 on Friday. The stock has a fifty day simple moving average of $15.16 and a 200-day simple moving average of $15.68. Kimbell Royalty Partners, LP has a twelve month low of $13.24 and a twelve month high of $17.07. 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 capitalization of $1.52 billion, a PE ratio of 27.87, a PEG ratio of 4.25 and a beta of 1.01.

Kimbell Royalty Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date is Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently -1,454.55%.

Analyst Ratings Changes

A number of equities analysts have commented on KRP shares. Truist Financial downgraded shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. Bank of America reduced their price target on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 4th. Finally, Raymond James reissued a “market perform” rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Kimbell Royalty Partners

Several large investors have recently added to or reduced their stakes in KRP. American Century Companies Inc. grew its stake in shares of Kimbell Royalty Partners by 15.4% in the fourth quarter. American Century Companies Inc. now owns 2,208,353 shares of the energy company’s stock worth $35,842,000 after acquiring an additional 294,789 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Kimbell Royalty Partners during the 4th quarter worth $30,449,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimbell Royalty Partners by 14.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company’s stock worth $10,511,000 after purchasing an additional 82,499 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Kimbell Royalty Partners by 0.5% during the 4th quarter. King Luther Capital Management Corp now owns 443,119 shares of the energy company’s stock worth $7,192,000 after purchasing an additional 2,200 shares during the period. Finally, Orvieto Partners L.P. acquired a new stake in Kimbell Royalty Partners in the 4th quarter valued at about $6,103,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Partners Company Profile