Aptus Capital Advisors LLC raised its position in Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 278,692 shares of the energy company's stock after acquiring an additional 51,110 shares during the period. Aptus Capital Advisors LLC owned about 0.29% of Kimbell Royalty Partners worth $4,523,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the business. Northern Trust Corp grew its position in Kimbell Royalty Partners by 43.0% in the fourth quarter. Northern Trust Corp now owns 41,658 shares of the energy company's stock valued at $676,000 after purchasing an additional 12,532 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Kimbell Royalty Partners by 60.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 215,360 shares of the energy company's stock worth $3,495,000 after buying an additional 81,331 shares during the last quarter. Virtus ETF Advisers LLC grew its holdings in shares of Kimbell Royalty Partners by 10.3% in the 4th quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company's stock valued at $179,000 after acquiring an additional 1,035 shares in the last quarter. Orvieto Partners L.P. acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at about $6,103,000. Finally, Adage Capital Partners GP L.L.C. raised its holdings in Kimbell Royalty Partners by 9.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 240,000 shares of the energy company's stock worth $3,895,000 after acquiring an additional 20,000 shares in the last quarter. 25.78% of the stock is owned by institutional investors.
Insider Buying and Selling at Kimbell Royalty Partners
In other news, insider Blayne Rhynsburger sold 7,851 shares of the business's 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 sale, the insider now 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 legal filing with the SEC, which can be accessed through this link. Insiders own 5.60% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. Mizuho began coverage on shares of Kimbell Royalty Partners in a report on Monday, March 31st. They set a "neutral" rating and a $16.00 target price on the stock. Truist Financial lowered shares of Kimbell Royalty Partners from a "buy" rating to a "hold" rating and dropped their price target for the stock from $22.00 to $16.00 in a research report on Tuesday, March 4th. Royal Bank of Canada raised shares of Kimbell Royalty Partners to a "moderate buy" rating in a research report on Friday, March 14th. Finally, KeyCorp dropped their target price 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.40.
View Our Latest Stock Analysis on Kimbell Royalty Partners
Kimbell Royalty Partners Stock Performance
KRP stock traded down $0.13 during mid-day trading on Wednesday, hitting $11.90. 470,571 shares of the company were exchanged, compared to its average volume of 592,040. Kimbell Royalty Partners, LP has a 1-year low of $10.98 and a 1-year high of $17.07. The business has a 50 day simple moving average of $13.03 and a 200-day simple moving average of $14.89. 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 stock has a market capitalization of $1.27 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 4.25 and a beta of 0.44.
Kimbell Royalty Partners Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th were paid a $0.40 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.60 annualized dividend and a yield of 13.45%. Kimbell Royalty Partners's dividend payout ratio (DPR) is presently -1,454.55%.
About Kimbell Royalty Partners
(
Free Report)
Further Reading
Before you consider Kimbell Royalty Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kimbell Royalty Partners wasn't on the list.
While Kimbell Royalty Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
