Kimbell Royalty Partners (NYSE:KRP) Sees Unusually-High Trading Volume

Kimbell Royalty Partners, LP (NYSE:KRPGet Rating) shares saw an uptick in trading volume on Friday . 18,145 shares changed hands during trading, a decline of 93% from the previous session’s volume of 258,999 shares.The stock last traded at $16.41 and had previously closed at $17.59.

Wall Street Analysts Forecast Growth

KRP has been the topic of several recent analyst reports. TheStreet upgraded Kimbell Royalty Partners from a “c+” rating to a “b” rating in a report on Thursday, August 4th. Citigroup began coverage on Kimbell Royalty Partners in a research report on Wednesday, August 24th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, KeyCorp started coverage on Kimbell Royalty Partners in a research note on Monday. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $21.40.

Kimbell Royalty Partners Trading Down 7.0 %

The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.06 billion, a P/E ratio of 15.16 and a beta of 1.52. The business has a fifty day moving average price of $17.43 and a 200 day moving average price of $17.15.

Kimbell Royalty Partners (NYSE:KRPGet Rating) last released its earnings results on Thursday, August 4th. The energy company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.30 by $0.25. Kimbell Royalty Partners had a return on equity of 25.19% and a net margin of 41.55%. The firm had revenue of $72.71 million for the quarter, compared to analysts’ expectations of $60.36 million. On average, analysts expect that Kimbell Royalty Partners, LP will post 1.31 earnings per share for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 15th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $2.20 dividend on an annualized basis and a yield of 13.45%. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.47. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 189.66%.

Insiders Place Their Bets

In related news, insider Blayne Rhynsburger sold 2,500 shares of Kimbell Royalty Partners stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $17.73, for a total value of $44,325.00. Following the sale, the insider now owns 46,616 shares of the company’s stock, valued at $826,501.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 29,100 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $17.52, for a total value of $509,832.00. Following the completion of the sale, the director now owns 612,593 shares in the company, valued at $10,732,629.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Blayne Rhynsburger sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $17.73, for a total transaction of $44,325.00. Following the transaction, the insider now owns 46,616 shares in the company, valued at $826,501.68. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Kimbell Royalty Partners

Hedge funds have recently bought and sold shares of the company. UBS Group AG bought a new stake in Kimbell Royalty Partners in the second quarter valued at approximately $32,000. Captrust Financial Advisors bought a new stake in Kimbell Royalty Partners in the 1st quarter valued at $41,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Kimbell Royalty Partners during the 2nd quarter valued at $57,000. National Bank of Canada FI bought a new position in Kimbell Royalty Partners during the first quarter worth $65,000. Finally, Quantbot Technologies LP acquired a new position in shares of Kimbell Royalty Partners in the first quarter valued at $81,000. 49.15% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Company Profile

(Get Rating)

Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres.

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