Kimbell Royalty Partners, LP (NYSE:KRP) Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 62.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,969 shares of the energy company's stock after selling 63,165 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Kimbell Royalty Partners were worth $616,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in Kimbell Royalty Partners by 15.4% in the fourth quarter. American Century Companies Inc. now owns 2,208,353 shares of the energy company's stock valued at $35,842,000 after purchasing an additional 294,789 shares during the period. Raymond James Financial Inc. acquired a new position in Kimbell Royalty Partners during the fourth quarter worth $30,449,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kimbell Royalty Partners by 14.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company's stock worth $10,511,000 after purchasing an additional 82,499 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Kimbell Royalty Partners by 0.5% in the fourth quarter. King Luther Capital Management Corp now owns 443,119 shares of the energy company's stock valued at $7,192,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Orvieto Partners L.P. purchased a new position in shares of Kimbell Royalty Partners in the fourth quarter valued at $6,103,000. Institutional investors and hedge funds own 25.78% of the company's stock.

Insider Buying and Selling

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 2,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total value of $26,540.00. Following the sale, the insider now directly owns 47,263 shares in the company, valued at approximately $627,180.01. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by company insiders.

Kimbell Royalty Partners Stock Up 1.4%

Kimbell Royalty Partners stock traded up $0.20 during midday trading on Thursday, hitting $14.10. 400,635 shares of the company were exchanged, compared to its average volume of 613,686. The company has a market cap of $1.51 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The company's fifty day moving average price is $12.74 and its 200-day moving average price is $14.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. Kimbell Royalty Partners, LP has a fifty-two week low of $10.98 and a fifty-two week high of $17.07.

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

Kimbell Royalty Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date was Tuesday, May 20th. This is an increase from Kimbell Royalty Partners's previous quarterly dividend of $0.40. Kimbell Royalty Partners's dividend payout ratio (DPR) is currently 3,760.00%.

Analysts Set New Price Targets

Several analysts have issued reports on KRP shares. Bank of America reduced their price target on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating on the stock in a report on Tuesday, March 4th. Truist Financial downgraded Kimbell Royalty Partners from a "buy" rating to a "hold" rating and reduced their price objective for the company from $22.00 to $16.00 in a research report on Tuesday, March 4th. Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. Royal Bank of Canada raised shares of Kimbell Royalty Partners to a "moderate buy" rating in a research report on Friday, March 14th. Finally, Mizuho initiated coverage on shares of Kimbell Royalty Partners in a research note on Monday, March 31st. They issued a "neutral" rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Kimbell Royalty Partners currently has an average rating of "Hold" and a consensus target price of $17.40.

Kimbell Royalty Partners Company Profile