Kimbell Royalty Partners, LP (NYSE:KRP) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its stake in Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 678.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,300 shares of the energy company's stock after buying an additional 124,016 shares during the quarter. Cerity Partners LLC owned approximately 0.15% of Kimbell Royalty Partners worth $2,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kimbell Royalty Partners by 11.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,134 shares of the energy company's stock worth $1,627,000 after acquiring an additional 10,176 shares during the last quarter. HighTower Advisors LLC lifted its position in Kimbell Royalty Partners by 42.6% during the third quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company's stock valued at $345,000 after purchasing an additional 6,401 shares during the last quarter. Stifel Financial Corp grew 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 worth $3,796,000 after buying an additional 7,626 shares in the last quarter. Barclays PLC increased its holdings in shares of Kimbell Royalty Partners by 1,175.1% in the 3rd quarter. Barclays PLC now owns 13,605 shares of the energy company's stock worth $219,000 after buying an additional 12,538 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Kimbell Royalty Partners by 65.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company's stock valued at $693,000 after acquiring an additional 17,029 shares during the last quarter. Institutional investors own 25.78% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial lowered shares of Kimbell Royalty Partners from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. Raymond James reaffirmed a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. KeyCorp dropped their price objective on Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday. Royal Bank of Canada upgraded Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $17.40.

Kimbell Royalty Partners Stock Down 3.2 %

Kimbell Royalty Partners stock traded down $0.40 during midday trading on Monday, hitting $12.15. 405,191 shares of the company's stock were exchanged, compared to its average volume of 587,878. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. The company has a market cap of $1.30 billion, a PE ratio of 23.82, a P/E/G ratio of 4.25 and a beta of 0.65. The firm has a 50-day moving average of $13.85 and a two-hundred day moving average of $15.21. Kimbell Royalty Partners, LP has a 12 month low of $10.98 and a 12 month high of $17.07.

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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.17%. The ex-dividend date was Tuesday, March 18th. Kimbell Royalty Partners's dividend payout ratio (DPR) is -1,454.55%.

Insiders Place Their Bets

In other news, insider Blayne Rhynsburger sold 7,851 shares of Kimbell Royalty Partners stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total value of $108,814.86. Following the transaction, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by company insiders.

Kimbell Royalty Partners Profile