Kimbell Royalty Partners, LP (NYSE:KRP) Receives Consensus Rating of "Hold" from Analysts

Shares of Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) have been given a consensus recommendation of "Hold" by the five research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.40.

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Kimbell Royalty Partners from a "hold" rating to a "buy" rating in a report on Saturday. Raymond James reiterated a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. Bank of America reduced their price objective on Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating for the company in a research note on Tuesday, March 4th. Royal Bank of Canada upgraded Kimbell Royalty Partners to a "moderate buy" rating in a research report on Friday, March 14th. Finally, Truist Financial downgraded shares of Kimbell Royalty Partners from a "buy" rating to a "hold" rating and cut their price target for the stock from $22.00 to $16.00 in a report on Tuesday, March 4th.

Kimbell Royalty Partners Stock Up 0.6%

Shares of KRP stock traded up $0.08 during trading hours on Tuesday, reaching $13.08. 417,932 shares of the company's stock were exchanged, compared to its average volume of 606,616. Kimbell Royalty Partners has a 1 year low of $10.98 and a 1 year high of $17.07. The stock has a market cap of $1.40 billion, a PE ratio of 25.65, a PEG ratio of 4.25 and a beta of 0.44. 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 stock's fifty day moving average price is $12.91 and its two-hundred day moving average price is $14.64.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $0.20 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $84.05 million. During the same period last year, the business earned $0.04 EPS. Kimbell Royalty Partners's revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts predict that Kimbell Royalty Partners will post 0.65 EPS for the current year.

Kimbell Royalty Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 14.37%. This is a positive change from Kimbell Royalty Partners's previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, May 20th. Kimbell Royalty Partners's dividend payout ratio (DPR) is 3,760.00%.

Insider Activity at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 7,851 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 49,263 shares of the company's stock, valued at $682,785.18. This trade represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is owned by company insiders.

Institutional Trading of Kimbell Royalty Partners

A number of hedge funds have recently added to or reduced their stakes in KRP. American Century Companies Inc. raised its position in shares of Kimbell Royalty Partners by 15.1% in the first quarter. American Century Companies Inc. now owns 2,542,362 shares of the energy company's stock worth $35,593,000 after acquiring an additional 334,009 shares during the period. Raymond James Financial Inc. purchased a new position in Kimbell Royalty Partners during the fourth quarter worth approximately $30,449,000. Adage Capital Partners GP L.L.C. grew its holdings in Kimbell Royalty Partners by 604.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,691,666 shares of the energy company's stock valued at $23,683,000 after purchasing an additional 1,451,666 shares during the period. Ghisallo Capital Management LLC acquired a new stake in Kimbell Royalty Partners in the first quarter valued at approximately $10,150,000. Finally, Epoch Investment Partners Inc. increased its position in shares of Kimbell Royalty Partners by 222.8% in the first quarter. Epoch Investment Partners Inc. now owns 672,420 shares of the energy company's stock valued at $9,414,000 after buying an additional 464,142 shares in the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

Kimbell Royalty Partners Company Profile