Nokomis Capital L.L.C. Trims Stock Holdings in Kimbell Royalty Partners, LP (NYSE:KRP)

Nokomis Capital L.L.C. lowered its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,470 shares of the energy company’s stock after selling 6,628 shares during the period. Nokomis Capital L.L.C. owned approximately 0.11% of Kimbell Royalty Partners worth $1,777,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KRP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimbell Royalty Partners by 14.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company’s stock valued at $10,511,000 after buying an additional 82,499 shares in the last quarter. Graham Capital Management L.P. grew its position in Kimbell Royalty Partners by 87.3% during the fourth quarter. Graham Capital Management L.P. now owns 47,037 shares of the energy company’s stock worth $763,000 after buying an additional 21,923 shares in the last quarter. Cetera Investment Advisers grew its position in Kimbell Royalty Partners by 37.8% during the fourth quarter. Cetera Investment Advisers now owns 16,418 shares of the energy company’s stock worth $266,000 after buying an additional 4,506 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Kimbell Royalty Partners by 22.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 278,692 shares of the energy company’s stock worth $4,523,000 after acquiring an additional 51,110 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Kimbell Royalty Partners by 43.0% in the 4th quarter. Northern Trust Corp now owns 41,658 shares of the energy company’s stock valued at $676,000 after acquiring an additional 12,532 shares in the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Kimbell Royalty Partners Stock Up 3.0%

Shares of KRP opened at $13.95 on Wednesday. Kimbell Royalty Partners, LP has a 1 year low of $10.98 and a 1 year high of $17.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. The stock has a 50 day simple moving average of $13.00 and a two-hundred day simple moving average of $14.81. The firm has a market cap of $1.49 billion, a P/E ratio of 27.35, a P/E/G ratio of 4.25 and a beta of 0.44.

Kimbell Royalty Partners (NYSE:KRP) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $84.21 million during the quarter, compared to analysts’ expectations of $84.05 million. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. On average, analysts forecast that Kimbell Royalty Partners, LP will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.47 per share. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.48%. The ex-dividend date of this dividend is Tuesday, May 20th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 3,760.00%.

Insider Transactions at Kimbell Royalty Partners

In related news, insider Blayne Rhynsburger sold 7,851 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $13.86, for a total transaction of $108,814.86. Following the completion of the sale, the insider now directly owns 49,263 shares in the company, valued at $682,785.18. This represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KRP. Royal Bank of Canada raised Kimbell Royalty Partners to a “moderate buy” rating in a report on Friday, March 14th. Truist Financial cut shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and cut their price target for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. Raymond James reissued a “market perform” rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. KeyCorp dropped their price objective on shares of Kimbell Royalty Partners from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Finally, Bank of America cut their target price on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.40.

About Kimbell Royalty Partners