Epoch Investment Partners Inc. Has $11.71 Million Holdings in Kimbell Royalty Partners, LP (NYSE:KRP)

Epoch Investment Partners Inc. lessened its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 36.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 754,416 shares of the energy company’s stock after selling 437,558 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.79% of Kimbell Royalty Partners worth $11,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Solutions LLC acquired a new position in Kimbell Royalty Partners during the fourth quarter worth approximately $195,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kimbell Royalty Partners by 11.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,115 shares of the energy company’s stock worth $197,000 after buying an additional 1,379 shares during the last quarter. Olympiad Research LP acquired a new position in Kimbell Royalty Partners during the fourth quarter worth approximately $227,000. Apollon Wealth Management LLC increased its position in Kimbell Royalty Partners by 21.2% during the fourth quarter. Apollon Wealth Management LLC now owns 16,596 shares of the energy company’s stock worth $250,000 after buying an additional 2,903 shares during the last quarter. Finally, CoreCommodity Management LLC acquired a new position in Kimbell Royalty Partners during the fourth quarter worth approximately $266,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Trading Down 0.1 %

Shares of NYSE:KRP opened at $16.79 on Monday. The company has a market capitalization of $1.60 billion, a P/E ratio of 27.98, a P/E/G ratio of 1.48 and a beta of 1.13. Kimbell Royalty Partners, LP has a 1 year low of $14.02 and a 1 year high of $17.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 8.48 and a quick ratio of 8.48. The business’s 50 day simple moving average is $16.62 and its 200 day simple moving average is $15.93.

Kimbell Royalty Partners (NYSE:KRP) last issued its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). The company had revenue of $87.50 million for the quarter, compared to analyst estimates of $79.42 million. Kimbell Royalty Partners had a return on equity of 5.74% and a net margin of 12.93%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. On average, research analysts anticipate that Kimbell Royalty Partners, LP will post 1 EPS for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.96 dividend on an annualized basis and a yield of 11.67%. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. Kimbell Royalty Partners’s dividend payout ratio is currently 326.67%.

Insider Buying and Selling

In related news, Director Brett G. Taylor sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $16.52, for a total transaction of $826,000.00. Following the sale, the director now owns 249,030 shares of the company’s stock, valued at $4,113,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial upped their target price on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. KeyCorp upped their target price on Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $16.00 target price on shares of Kimbell Royalty Partners in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.83.

Kimbell Royalty Partners Profile