Orvieto Partners L.P. Buys Shares of 376,019 Kimbell Royalty Partners, LP (NYSE:KRP)

Orvieto Partners L.P. acquired a new stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 376,019 shares of the energy company's stock, valued at approximately $6,103,000. Kimbell Royalty Partners makes up approximately 5.1% of Orvieto Partners L.P.'s holdings, making the stock its 5th biggest position. Orvieto Partners L.P. owned 0.39% of Kimbell Royalty Partners at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KRP. Parkside Financial Bank & Trust purchased a new position in Kimbell Royalty Partners in the 4th quarter worth $32,000. PNC Financial Services Group Inc. purchased a new position in Kimbell Royalty Partners in the 4th quarter worth $32,000. Jones Financial Companies Lllp raised its position in Kimbell Royalty Partners by 293.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company's stock worth $44,000 after purchasing an additional 2,028 shares during the period. Hilltop National Bank purchased a new position in Kimbell Royalty Partners in the 4th quarter worth $49,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Kimbell Royalty Partners in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 25.78% of the company's stock.

Kimbell Royalty Partners Trading Down 2.5 %

Shares of KRP traded down $0.31 during trading hours on Tuesday, reaching $12.33. 215,850 shares of the company traded hands, compared to its average volume of 956,432. Kimbell Royalty Partners, LP has a 12 month low of $10.98 and a 12 month 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. The company's fifty day moving average price is $13.53 and its two-hundred day moving average price is $15.07. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.65.

Kimbell Royalty Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 12.98%. The ex-dividend date of this dividend was Tuesday, March 18th. Kimbell Royalty Partners's payout ratio is currently -1,454.55%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James reissued a "market perform" rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. Mizuho assumed coverage on shares of Kimbell Royalty Partners in a report on Monday, March 31st. They issued a "neutral" rating and a $16.00 price target on the stock. Royal Bank of Canada raised shares of Kimbell Royalty Partners to a "moderate buy" rating in a report on Friday, March 14th. Truist Financial lowered 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 report on Tuesday, March 4th. Finally, KeyCorp cut their price target on shares of Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Kimbell Royalty Partners currently has a consensus rating of "Hold" and a consensus target price of $17.40.

Insider Buying and Selling

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of Kimbell Royalty Partners stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total value of $108,814.86. Following the completion of the transaction, the insider now directly owns 49,263 shares of the company's stock, valued at approximately $682,785.18. The trade was a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is currently owned by insiders.

Kimbell Royalty Partners Profile