Brokerages Set Kimbell Royalty Partners, LP (NYSE:KRP) Target Price at $20.86

Shares of Kimbell Royalty Partners, LP (NYSE:KRP) have received an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $20.86.

A number of equities analysts have commented on the stock. Raymond James cut their price objective on shares of Kimbell Royalty Partners from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. TD Securities dropped their target price on shares of 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. Truist Financial dropped their target price on shares of 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. Finally, KeyCorp dropped their target price on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 5,480 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $15.55, for a total value of $85,214.00. Following the completion of the transaction, the director now owns 343,082 shares in the company, valued at approximately $5,334,925.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 27,163 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $15.51, for a total value of $421,298.13. Following the completion of the transaction, the director now owns 299,030 shares in the company, valued at approximately $4,637,955.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brett G. Taylor sold 5,480 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $15.55, for a total transaction of $85,214.00. Following the completion of the transaction, the director now owns 343,082 shares of the company’s stock, valued at approximately $5,334,925.10. The disclosure for this sale can be found here. Insiders sold a total of 100,672 shares of company stock valued at $1,571,185 in the last quarter. Insiders own 5.60% of the company’s stock.

Institutional Trading of Kimbell Royalty Partners

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Kimbell Royalty Partners by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 388,980 shares of the energy company’s stock worth $5,854,000 after purchasing an additional 5,269 shares during the period. Horizon Kinetics Asset Management LLC boosted its stake in Kimbell Royalty Partners by 8.8% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 77,423 shares of the energy company’s stock worth $1,165,000 after purchasing an additional 6,261 shares during the period. Barclays PLC boosted its stake in Kimbell Royalty Partners by 11.0% in the 4th quarter. Barclays PLC now owns 13,216 shares of the energy company’s stock worth $199,000 after purchasing an additional 1,307 shares during the period. Prelude Capital Management LLC acquired a new position in Kimbell Royalty Partners in the 4th quarter worth approximately $227,000. Finally, Board of Trustees of The Leland Stanford Junior University lifted its position in Kimbell Royalty Partners by 148.1% in the 4th quarter. Board of Trustees of The Leland Stanford Junior University now owns 111,638 shares of the energy company’s stock worth $1,680,000 after buying an additional 66,638 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Partners Stock Performance

NYSE:KRP opened at $15.86 on Friday. The company has a current ratio of 7.95, a quick ratio of 7.95 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.24 and a beta of 1.08. The firm’s fifty day simple moving average is $15.60 and its 200 day simple moving average is $15.48. Kimbell Royalty Partners has a twelve month low of $14.02 and a twelve month high of $17.11.

Kimbell Royalty Partners (NYSE:KRP) last posted its earnings results on Wednesday, February 21st. The energy company reported $0.14 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, equities research analysts expect that Kimbell Royalty Partners will post 0.79 earnings per share for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 13th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date was Tuesday, March 12th. Kimbell Royalty Partners’s dividend payout ratio is presently 186.96%.

About Kimbell Royalty Partners