Kimbell Royalty Partners, LP (NYSE:KRP) Shares Acquired by American Century Companies Inc.

Posted by Wayne Rhoads on Mar 29th, 2025

American Century Companies Inc. boosted its holdings in Kimbell Royalty Partners, LP (NYSE:KRP – Free Report) by 15.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,208,353 shares of the energy company’s stock after buying an additional 294,789 shares during the quarter. American Century Companies Inc.’s holdings in Kimbell Royalty Partners were worth $35,842,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KRP. Raymond James Financial Inc. purchased a new position in Kimbell Royalty Partners in the 4th quarter worth about $30,449,000. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Kimbell Royalty Partners by 38.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company’s stock worth $4,334,000 after buying an additional 74,098 shares during the period. Accordant Advisory Group Inc increased its position in shares of Kimbell Royalty Partners by 10.3% in the fourth quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company’s stock worth $3,431,000 after acquiring an additional 19,716 shares in the last quarter. Swiss National Bank raised its holdings in shares of Kimbell Royalty Partners by 16.0% during the fourth quarter. Swiss National Bank now owns 135,300 shares of the energy company’s stock valued at $2,196,000 after acquiring an additional 18,700 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Kimbell Royalty Partners by 65.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company’s stock valued at $693,000 after acquiring an additional 17,029 shares in the last quarter. Institutional investors own 25.78% of the company’s stock.

Insider Activity

In related news, insider Blayne Rhynsburger sold 7,851 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total transaction of $108,814.86. Following the transaction, the insider now owns 49,263 shares of the company’s stock, valued at approximately $682,785.18. This trade represents a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on KRP. Truist Financial cut shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $22.00 to $16.00 in a research report on Tuesday, March 4th. Raymond James reiterated a “market perform” rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. Bank of America reduced their price objective on Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating for the company in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada raised Kimbell Royalty Partners to a “moderate buy” rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.25.

Check Out Our Latest Stock Analysis on KRP

Kimbell Royalty Partners Trading Down 1.4 %

NYSE KRP opened at $14.06 on Friday. The company has a market capitalization of $1.50 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 4.25 and a beta of 1.01. Kimbell Royalty Partners, LP has a 1-year low of $13.24 and a 1-year high of $17.07. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $14.96 and its 200-day simple moving average is $15.63.

Kimbell Royalty Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.38%. The ex-dividend date of this dividend was Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently -1,454.55%.