Kimbell Royalty Partners, LP (NYSE:KRP) Insider Blayne Rhynsburger Sells 5,000 Shares of Stock

Kimbell Royalty Partners, LP (NYSE:KRP) insider Blayne Rhynsburger sold 5,000 shares of Kimbell Royalty Partners stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total transaction of $82,050.00. Following the completion of the transaction, the insider now directly owns 45,164 shares in the company, valued at $741,141.24. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kimbell Royalty Partners Stock Performance

KRP traded down $0.16 on Friday, reaching $16.18. 71,884 shares of the stock were exchanged, compared to its average volume of 370,433. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.68. The company’s 50-day moving average price is $16.01 and its 200 day moving average price is $16.22. The firm has a market capitalization of $1.55 billion, a PE ratio of 32.04, a PEG ratio of 2.00 and a beta of 1.13. Kimbell Royalty Partners, LP has a fifty-two week low of $14.26 and a fifty-two week high of $17.07.

Kimbell Royalty Partners (NYSE:KRP) last released its 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. The firm had revenue of $83.79 million during the quarter, compared to the consensus estimate of $80.03 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. As a group, sell-side analysts forecast that Kimbell Royalty Partners, LP will post 0.69 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 10.14%. The ex-dividend date of this dividend is Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 329.42%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Truist Financial dropped their target price on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. KeyCorp decreased their price objective on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kimbell Royalty Partners has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Institutional Trading of Kimbell Royalty Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. AlphaCore Capital LLC grew its position in 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 during the period. National Bank of Canada FI grew its holdings 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 during the period. California State Teachers Retirement System raised its position in Kimbell Royalty Partners by 1.2% during 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 in the last quarter. Centaurus Financial Inc. lifted its holdings in Kimbell Royalty Partners by 4.7% in the second 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. boosted its position in Kimbell Royalty Partners by 1.8% in the 3rd quarter. Carson Advisory Inc. now owns 49,150 shares of the energy company’s stock worth $791,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile