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

Graham Capital Management L.P. increased its position in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 87.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,037 shares of the energy company's stock after acquiring an additional 21,923 shares during the period. Graham Capital Management L.P.'s holdings in Kimbell Royalty Partners were worth $763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Kimbell Royalty Partners during the 4th quarter valued at about $30,449,000. Orvieto Partners L.P. acquired a new stake in Kimbell Royalty Partners during the fourth quarter valued at approximately $6,103,000. American Century Companies Inc. boosted its holdings in Kimbell Royalty Partners by 15.4% during the fourth quarter. American Century Companies Inc. now owns 2,208,353 shares of the energy company's stock worth $35,842,000 after buying an additional 294,789 shares in the last quarter. Marshall Wace LLP acquired a new position in Kimbell Royalty Partners in the fourth quarter worth approximately $3,151,000. Finally, Barclays PLC grew its position in Kimbell Royalty Partners by 1,279.4% in the fourth quarter. Barclays PLC now owns 187,671 shares of the energy company's stock worth $3,046,000 after buying an additional 174,066 shares during the last quarter. 25.78% of the stock is currently owned by institutional investors.

Kimbell Royalty Partners Stock Up 0.0%

NYSE:KRP traded up $0.01 during trading hours on Tuesday, hitting $13.08. 127,675 shares of the company's stock traded hands, compared to its average volume of 912,291. The stock's fifty day moving average price is $12.99 and its two-hundred day moving average price is $14.73. The firm has a market cap of $1.40 billion, a P/E ratio of 25.64, a P/E/G ratio of 4.25 and a beta of 0.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. Kimbell Royalty Partners, LP has a twelve month low of $10.98 and a twelve month high of $17.07.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last issued its earnings results 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. The company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $84.05 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. On average, research analysts expect that Kimbell Royalty Partners, LP will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, May 20th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 14.38%. The ex-dividend date of this dividend is Tuesday, May 20th. This is a positive change from Kimbell Royalty Partners's previous quarterly dividend of $0.40. Kimbell Royalty Partners's dividend payout ratio is currently 3,760.00%.

Insiders Place Their Bets

In other news, insider Blayne Rhynsburger sold 7,851 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total transaction of $108,814.86. Following the transaction, the insider now directly owns 49,263 shares in the company, valued at $682,785.18. The trade was a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

KRP has been the subject of several research reports. Royal Bank of Canada raised Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. Raymond James reaffirmed a "market perform" rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. Truist Financial downgraded Kimbell Royalty Partners from a "buy" rating to a "hold" rating and cut their price objective for the stock from $22.00 to $16.00 in a report on Tuesday, March 4th. Mizuho began 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. Finally, Bank of America cut 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $17.40.

Kimbell Royalty Partners Company Profile