Kimbell Royalty Partners, LP (NYSE:KRP) Insider Sells $82,050.00 in Stock

Kimbell Royalty Partners, LP (NYSE:KRPGet Free Report) insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 approximately $741,141.24. This trade represents a 9.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kimbell Royalty Partners Price Performance

NYSE:KRP opened at $15.96 on Friday. Kimbell Royalty Partners, LP has a one year low of $14.26 and a one year high of $17.07. The stock has a market cap of $1.52 billion, a PE ratio of 31.29, a P/E/G ratio of 1.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.68 and a current ratio of 5.20. The stock has a 50 day moving average price of $16.05 and a 200 day moving average price of $16.22.

Kimbell Royalty Partners (NYSE:KRPGet Free Report) last issued its earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (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 business had revenue of $83.79 million during the quarter, compared to the consensus estimate of $80.03 million. During the same period last year, the company earned $0.19 EPS. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. Equities research analysts expect that Kimbell Royalty Partners, LP will post 0.69 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date is Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently 329.42%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial reduced their price objective on 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. KeyCorp dropped 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 report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.50.

View Our Latest Research Report on KRP

Hedge Funds Weigh In On Kimbell Royalty Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Freestone Capital Holdings LLC raised its position in shares of Kimbell Royalty Partners by 16.8% during the 1st quarter. Freestone Capital Holdings LLC now owns 286,128 shares of the energy company’s stock valued at $4,441,000 after buying an additional 41,134 shares during the period. Energy Income Partners LLC raised its position in Kimbell Royalty Partners by 32.5% in the first quarter. Energy Income Partners LLC now owns 170,098 shares of the energy company’s stock valued at $2,640,000 after purchasing an additional 41,725 shares during the period. California State Teachers Retirement System lifted its stake in shares of Kimbell Royalty Partners by 1.2% in the 1st quarter. California State Teachers Retirement System now owns 59,742 shares of the energy company’s stock valued at $927,000 after purchasing an additional 700 shares during the last quarter. Ridgemont Partners Management LLC acquired a new position in shares of Kimbell Royalty Partners in the 2nd quarter valued at $96,372,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Kimbell Royalty Partners during the 2nd quarter worth $1,032,000. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Company Profile

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Insider Buying and Selling by Quarter for Kimbell Royalty Partners (NYSE:KRP)

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