Barclays PLC Purchases 174,066 Shares of Kimbell Royalty Partners, LP (NYSE:KRP)

Barclays PLC raised its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 1,279.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,671 shares of the energy company's stock after buying an additional 174,066 shares during the quarter. Barclays PLC owned about 0.20% of Kimbell Royalty Partners worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust purchased a new stake in Kimbell Royalty Partners during the 4th quarter valued at approximately $32,000. PNC Financial Services Group Inc. purchased a new stake in Kimbell Royalty Partners during the 4th quarter valued at approximately $32,000. Jones Financial Companies Lllp grew its holdings in Kimbell Royalty Partners by 293.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company's stock valued at $44,000 after buying an additional 2,028 shares in the last quarter. Hilltop National Bank purchased a new stake in Kimbell Royalty Partners during the 4th quarter valued at approximately $49,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Kimbell Royalty Partners during the 4th quarter valued at approximately $55,000. 25.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp cut 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. 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 report on Tuesday, March 4th. 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 target price for the company. Raymond James reissued a "market perform" rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. Finally, Royal Bank of Canada raised shares of Kimbell Royalty Partners to a "moderate buy" rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $17.40.

Kimbell Royalty Partners Price Performance

KRP stock opened at $12.33 on Wednesday. Kimbell Royalty Partners, LP has a 12 month low of $10.98 and a 12 month high of $17.07. 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 company has a 50-day moving average price of $13.46 and a 200 day moving average price of $15.05. The stock has a market cap of $1.32 billion, a PE ratio of 24.17, a P/E/G ratio of 4.25 and a beta of 0.65.

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 dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.98%. Kimbell Royalty Partners's dividend payout ratio is presently -1,454.55%.

Insider Buying and Selling

In other Kimbell Royalty Partners 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 directly owns 49,263 shares of the company's stock, valued at $682,785.18. The trade was a 13.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is owned by corporate insiders.

Kimbell Royalty Partners Profile

Want to see what other hedge funds are holding KRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimbell Royalty Partners, LP (NYSE:KRP - Free Report).

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