Aptus Capital Advisors LLC Purchases 30,788 Shares of Kimbell Royalty Partners, LP (NYSE:KRP)

Aptus Capital Advisors LLC raised its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,582 shares of the energy company’s stock after purchasing an additional 30,788 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Kimbell Royalty Partners were worth $3,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Kimbell Royalty Partners by 1,509.0% during the third quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock worth $1,573,000 after buying an additional 91,672 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kimbell Royalty Partners during the second quarter worth $1,227,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Kimbell Royalty Partners during the second quarter worth $1,032,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Kimbell Royalty Partners by 102.9% during the second quarter. Oppenheimer & Co. Inc. now owns 87,377 shares of the energy company’s stock worth $1,429,000 after buying an additional 44,320 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Kimbell Royalty Partners by 6.1% during the third quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company’s stock worth $17,998,000 after buying an additional 64,678 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kimbell Royalty Partners Stock Performance

Kimbell Royalty Partners stock opened at $16.31 on Thursday. Kimbell Royalty Partners, LP has a 12-month low of $14.26 and a 12-month high of $17.07. The company has a quick ratio of 5.68, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $16.01 and its two-hundred day moving average price is $16.22. The stock has a market cap of $1.56 billion, a PE ratio of 31.98, a P/E/G ratio of 2.04 and a beta of 1.13.

Kimbell Royalty Partners (NYSE:KRP) last released its earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The firm had revenue of $83.79 million for the quarter, compared to analysts’ expectations of $80.03 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. As a group, analysts expect that Kimbell Royalty Partners, LP will post 0.68 earnings per share for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.06%. The ex-dividend date of this dividend is Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio is presently 321.57%.

Kimbell Royalty Partners Profile