Kimbell Royalty Partners LP (NYSE:KRP) Director Buys $21,400.00 in Stock

Kimbell Royalty Partners LP (NYSE:KRP) Director Mitch S. Wynne acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was purchased at an average price of $5.35 per share, with a total value of $21,400.00. Following the purchase, the director now owns 148,796 shares in the company, valued at approximately $796,058.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

NYSE:KRP traded up $1.28 during trading hours on Thursday, hitting $6.64. The stock had a trading volume of 237,514 shares, compared to its average volume of 334,944. The company has a 50 day simple moving average of $10.47 and a two-hundred day simple moving average of $13.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.28 and a quick ratio of 6.28. Kimbell Royalty Partners LP has a one year low of $3.51 and a one year high of $18.79. The firm has a market capitalization of $332.86 million, a price-to-earnings ratio of -1.77 and a beta of 1.63.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings results on Friday, February 28th. The energy company reported ($2.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($2.30). Kimbell Royalty Partners had a negative net margin of 73.49% and a positive return on equity of 11.26%. The firm had revenue of $25.36 million during the quarter, compared to the consensus estimate of $28.73 million. Equities research analysts anticipate that Kimbell Royalty Partners LP will post -0.02 earnings per share for the current year.

Several research firms have commented on KRP. Stifel Nicolaus began coverage on shares of Kimbell Royalty Partners in a research note on Wednesday, January 8th. They issued a “buy” rating and a $21.00 price objective for the company. UBS Group increased their price objective on shares of Kimbell Royalty Partners from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Imperial Capital decreased their price objective on shares of Kimbell Royalty Partners from $19.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, February 28th. KeyCorp assumed coverage on shares of Kimbell Royalty Partners in a research note on Wednesday, January 22nd. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Kimbell Royalty Partners presently has a consensus rating of “Buy” and an average target price of $18.05.

A number of large investors have recently made changes to their positions in KRP. FMR LLC lifted its holdings in shares of Kimbell Royalty Partners by 2.8% during the 4th quarter. FMR LLC now owns 1,415,432 shares of the energy company’s stock worth $24,062,000 after acquiring an additional 38,459 shares during the last quarter. Raymond James & Associates raised its position in Kimbell Royalty Partners by 5.8% in the 4th quarter. Raymond James & Associates now owns 340,403 shares of the energy company’s stock worth $5,787,000 after purchasing an additional 18,710 shares during the period. Soros Fund Management LLC raised its position in Kimbell Royalty Partners by 5.0% in the 3rd quarter. Soros Fund Management LLC now owns 320,080 shares of the energy company’s stock worth $4,708,000 after purchasing an additional 15,304 shares during the period. TSP Capital Management Group LLC raised its position in Kimbell Royalty Partners by 105.0% in the 4th quarter. TSP Capital Management Group LLC now owns 214,566 shares of the energy company’s stock worth $3,648,000 after purchasing an additional 109,900 shares during the period. Finally, Blair William & Co. IL raised its position in Kimbell Royalty Partners by 37.7% in the 4th quarter. Blair William & Co. IL now owns 193,336 shares of the energy company’s stock worth $3,287,000 after purchasing an additional 52,894 shares during the period. 23.97% of the stock is owned by hedge funds and other institutional investors.

About Kimbell Royalty Partners

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.

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