Graham Capital Management L.P. Buys 21,923 Shares of Kimbell Royalty Partners, LP (NYSE:KRP)

Graham Capital Management L.P. lifted its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 87.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,037 shares of the energy company's stock after purchasing an additional 21,923 shares during the quarter. Graham Capital Management L.P.'s holdings in Kimbell Royalty Partners were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in Kimbell Royalty Partners in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust bought a new position in Kimbell Royalty Partners in the 4th quarter valued at about $32,000. Jones Financial Companies Lllp lifted 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 valued at $44,000 after acquiring an additional 2,028 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Kimbell Royalty Partners in the 4th quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC lifted its position in Kimbell Royalty Partners by 166.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,000 shares of the energy company's stock valued at $65,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors own 25.78% of the company's stock.

Insider Transactions at Kimbell Royalty Partners

In related 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 completion of the transaction, the insider now directly owns 49,263 shares in the company, valued at approximately $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 accessible through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on KRP. KeyCorp dropped 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 research report on Monday, April 21st. Bank of America dropped 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 research report on Tuesday, March 4th. Mizuho assumed coverage on shares of Kimbell Royalty Partners in a research note on Monday, March 31st. They issued a "neutral" rating and a $16.00 price objective for the company. Royal Bank of Canada upgraded shares of Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. Finally, Raymond James reiterated a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.40.

Kimbell Royalty Partners Trading Down 2.2%

Shares of KRP stock opened at $13.64 on Thursday. The company has a 50 day moving average of $13.00 and a 200-day moving average of $14.80. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. Kimbell Royalty Partners, LP has a 12-month low of $10.98 and a 12-month high of $17.07. The firm has a market cap of $1.46 billion, a P/E ratio of 26.75, a PEG ratio of 4.25 and a beta of 0.44.

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

Kimbell Royalty Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.88 annualized dividend and a dividend yield of 13.78%. This is a positive change from Kimbell Royalty Partners's previous quarterly dividend of $0.40. Kimbell Royalty Partners's dividend payout ratio (DPR) is presently 3,760.00%.

Kimbell Royalty Partners Profile

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