Kimbell Royalty Partners, LP (NYSE:KRP) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lifted its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,278 shares of the energy company’s stock after acquiring an additional 10,352 shares during the quarter. Epoch Investment Partners Inc. owned 0.22% of Kimbell Royalty Partners worth $3,380,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC boosted its position in shares of Kimbell Royalty Partners by 42.6% in the 3rd quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company’s stock valued at $345,000 after purchasing an additional 6,401 shares during the period. Barclays PLC lifted its stake in Kimbell Royalty Partners by 1,175.1% during the third quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock valued at $219,000 after buying an additional 12,538 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Kimbell Royalty Partners by 65.4% in the third quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company’s stock worth $693,000 after buying an additional 17,029 shares during the period. Nordea Investment Management AB increased its position in shares of Kimbell Royalty Partners by 1.9% in the fourth quarter. Nordea Investment Management AB now owns 111,669 shares of the energy company’s stock worth $1,801,000 after acquiring an additional 2,066 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Kimbell Royalty Partners during the fourth quarter valued at approximately $49,000. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Price Performance

NYSE KRP opened at $12.55 on Monday. Kimbell Royalty Partners, LP has a fifty-two week low of $10.98 and a fifty-two week high of $17.07. The stock’s 50-day moving average is $13.92 and its two-hundred day moving average is $15.24. The firm has a market cap of $1.34 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 4.25 and a beta of 0.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20.

Kimbell Royalty Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.60 annualized dividend and a yield of 12.75%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently -1,454.55%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KRP shares. Raymond James reiterated a “market perform” rating on shares of Kimbell Royalty Partners in a research 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. Mizuho began coverage on Kimbell Royalty Partners in a research report on Monday, March 31st. They set a “neutral” rating and a $16.00 price objective for the company. Truist Financial downgraded Kimbell Royalty Partners from a “buy” rating to a “hold” rating and dropped their target price for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. Finally, Royal Bank of Canada raised shares of Kimbell Royalty Partners to a “moderate buy” rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Kimbell Royalty Partners presently has an average rating of “Hold” and an average target price of $17.80.

Insiders Place Their Bets

In other news, insider Blayne Rhynsburger sold 7,851 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $13.86, for a total value of $108,814.86. Following the sale, the insider now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Company Profile