Kimbell Royalty Partners, LP (NYSE:KRP) Shares Bought by Mirador Capital Partners LP

Mirador Capital Partners LP raised its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 9.4% during the 4th quarter, Holdings Channel reports. The firm owned 57,828 shares of the energy company’s stock after buying an additional 4,951 shares during the quarter. Mirador Capital Partners LP’s holdings in Kimbell Royalty Partners were worth $939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KRP. International Assets Investment Management LLC raised its position in shares of Kimbell Royalty Partners by 1,509.0% during the 3rd quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock worth $1,573,000 after purchasing an additional 91,672 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kimbell Royalty Partners by 11.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,134 shares of the energy company’s stock worth $1,627,000 after acquiring an additional 10,176 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Kimbell Royalty Partners by 42.6% during the third quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company’s stock worth $345,000 after purchasing an additional 6,401 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Kimbell Royalty Partners by 19.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,841 shares of the energy company’s stock valued at $512,000 after purchasing an additional 5,190 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Kimbell Royalty Partners by 1,175.1% in the 3rd quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock valued at $219,000 after purchasing an additional 12,538 shares in the last quarter. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Price Performance

Kimbell Royalty Partners stock opened at $16.02 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10. The company’s 50 day simple moving average is $15.96 and its 200-day simple moving average is $16.06. Kimbell Royalty Partners, LP has a 1 year low of $14.26 and a 1 year high of $17.07.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $83.79 million during the quarter, compared to analysts’ expectations of $80.03 million. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, equities research analysts expect that Kimbell Royalty Partners, LP will post 0.65 earnings per share for the current year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.24%. The ex-dividend date was Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 321.57%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KRP. Truist Financial raised their price target on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp dropped their target price on 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 analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

Insider Buying and Selling at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 5,000 shares of Kimbell Royalty Partners stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total transaction of $82,050.00. Following the sale, the insider now directly 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 through the SEC website. 5.60% of the stock is currently owned by insiders.

Kimbell Royalty Partners Profile