Brokerages Set Kimbell Royalty Partners, LP (NYSE:KRP) PT at $17.80

Kimbell Royalty Partners, LP (NYSE:KRP) has received a consensus recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.80.

A number of equities analysts have recently issued reports on KRP shares. Bank of America dropped their price target on Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 4th. Mizuho initiated coverage on shares of Kimbell Royalty Partners in a report on Monday, March 31st. They set a “neutral” rating and a $16.00 target price on the stock. Truist Financial lowered shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. Raymond James reiterated a “market perform” rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. Finally, Royal Bank of Canada raised shares of Kimbell Royalty Partners to a “moderate buy” rating in a research note on Friday, March 14th.

Insider Buying and Selling

In related news, insider Blayne Rhynsburger sold 7,851 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $13.86, for a total transaction of $108,814.86. Following the transaction, the insider now directly owns 49,263 shares in the company, valued at $682,785.18. The trade was a 13.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kimbell Royalty Partners

Several institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust purchased a new position in shares of Kimbell Royalty Partners in the 4th quarter valued at approximately $32,000. PNC Financial Services Group Inc. purchased a new position in shares of Kimbell Royalty Partners in the fourth quarter worth $32,000. Jones Financial Companies Lllp raised its holdings in shares of Kimbell Royalty Partners by 293.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company’s stock worth $44,000 after buying an additional 2,028 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Kimbell Royalty Partners during the fourth quarter worth $49,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Stock Down 8.8 %

Shares of NYSE KRP opened at $12.40 on Monday. The stock has a 50 day moving average price of $14.74 and a 200 day moving average price of $15.56. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 4.25 and a beta of 0.65. Kimbell Royalty Partners has a 52-week low of $12.25 and a 52-week high of $17.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.90%. The ex-dividend date of this dividend was Tuesday, March 18th. Kimbell Royalty Partners’s payout ratio is currently -1,454.55%.

Kimbell Royalty Partners Company Profile