Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by Carson Advisory Inc.

Carson Advisory Inc. decreased its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,791 shares of the energy company’s stock after selling 2,150 shares during the quarter. Carson Advisory Inc.’s holdings in Kimbell Royalty Partners were worth $689,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Godsey & Gibb Inc. increased its holdings in Kimbell Royalty Partners by 433.3% in the third quarter. Godsey & Gibb Inc. now owns 1,600 shares of the energy company’s stock valued at $26,000 after buying an additional 1,300 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Kimbell Royalty Partners in the 3rd quarter worth approximately $48,000. Annandale Capital LLC grew its holdings in Kimbell Royalty Partners by 8.1% in the 3rd quarter. Annandale Capital LLC now owns 11,328 shares of the energy company’s stock worth $181,000 after buying an additional 850 shares in the last quarter. Barclays PLC grew its holdings in Kimbell Royalty Partners by 13.2% in the 3rd quarter. Barclays PLC now owns 11,909 shares of the energy company’s stock worth $191,000 after buying an additional 1,386 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kimbell Royalty Partners by 11.8% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Trading Up 2.4 %

Shares of Kimbell Royalty Partners stock traded up $0.37 on Thursday, hitting $16.00. 460,726 shares of the company’s stock traded hands, compared to its average volume of 337,219. The firm’s 50-day moving average price is $15.73 and its two-hundred day moving average price is $15.49. The stock has a market capitalization of $1.52 billion, a PE ratio of 16.99 and a beta of 1.07. Kimbell Royalty Partners, LP has a one year low of $14.02 and a one year high of $17.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 7.95 and a quick ratio of 7.95.

Kimbell Royalty Partners (NYSE:KRP) last issued its earnings results on Wednesday, February 21st. The energy company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.13). The business had revenue of $99.20 million for the quarter, compared to the consensus estimate of $83.89 million. Kimbell Royalty Partners had a net margin of 20.45% and a return on equity of 8.98%. The business’s revenue was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, research analysts expect that Kimbell Royalty Partners, LP will post 0.91 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 13th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 10.75%. The ex-dividend date was Tuesday, March 12th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 186.96%.

Insider Activity

In other news, Director Brett G. Taylor sold 22,327 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $15.68, for a total value of $350,087.36. Following the completion of the transaction, the director now owns 402,536 shares of the company’s stock, valued at approximately $6,311,764.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Blayne Rhynsburger sold 6,487 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $15.60, for a total value of $101,197.20. Following the completion of the transaction, the insider now directly owns 55,164 shares of the company’s stock, valued at approximately $860,558.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brett G. Taylor sold 22,327 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $15.68, for a total transaction of $350,087.36. Following the completion of the transaction, the director now directly owns 402,536 shares of the company’s stock, valued at $6,311,764.48. The disclosure for this sale can be found here. Insiders sold 100,672 shares of company stock valued at $1,571,185 in the last quarter. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KRP shares. Truist Financial cut their target price on Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Raymond James cut their target price on Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. TD Securities cut their price objective on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Finally, KeyCorp increased their price objective 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. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $21.00.

About Kimbell Royalty Partners