Kimbell Royalty Partners, LP (NYSE:KRP) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its position in Kimbell Royalty Partners, LP (NYSE:KRP) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,600 shares of the energy company’s stock after acquiring an additional 2,100 shares during the quarter. Venturi Wealth Management LLC’s holdings in Kimbell Royalty Partners were worth $513,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Raymond James & Associates grew its position in Kimbell Royalty Partners by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company’s stock valued at $17,998,000 after acquiring an additional 64,678 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Kimbell Royalty Partners by 38.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company’s stock valued at $4,334,000 after buying an additional 74,098 shares during the period. Stifel Financial Corp boosted its stake in shares of Kimbell Royalty Partners by 3.3% in the 3rd quarter. Stifel Financial Corp now owns 235,945 shares of the energy company’s stock valued at $3,796,000 after buying an additional 7,626 shares during the period. Aptus Capital Advisors LLC boosted its stake in shares of Kimbell Royalty Partners by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company’s stock valued at $3,662,000 after buying an additional 30,788 shares during the period. Finally, Accordant Advisory Group Inc boosted its stake in shares of Kimbell Royalty Partners by 10.3% in the 4th quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company’s stock valued at $3,431,000 after buying an additional 19,716 shares during the period. 25.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KRP has been the subject of several recent research reports. Raymond James lifted their price objective on Kimbell Royalty Partners from $19.00 to $23.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial lifted their price objective on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.20.

Kimbell Royalty Partners Price Performance

KRP stock opened at $15.79 on Thursday. The business has a 50 day moving average price of $15.74 and a 200 day moving average price of $15.88. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 4.16 and a beta of 1.08. Kimbell Royalty Partners, LP has a fifty-two week low of $14.95 and a fifty-two week high of $17.07. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40.

About Kimbell Royalty Partners