Kimbell Royalty Partners, LP (NYSE:KRP) Given Average Recommendation of "Hold" by Brokerages

Shares of Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) have received an average rating of "Hold" from the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.40.

Several equities research analysts have recently commented on KRP shares. Royal Bank of Canada raised Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. Truist Financial lowered Kimbell Royalty Partners from a "buy" rating to a "hold" rating and decreased their price target for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. KeyCorp decreased their price target on Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Bank of America decreased their price target on Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating on the stock in a research note on Tuesday, March 4th. Finally, Raymond James reissued a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd.

Kimbell Royalty Partners Price Performance

Kimbell Royalty Partners stock traded down $0.35 during mid-day trading on Friday, reaching $11.99. The company had a trading volume of 748,464 shares, compared to its average volume of 594,310. The stock's 50-day simple moving average is $13.38 and its 200-day simple moving average is $15.03. The company has a market capitalization of $1.28 billion, a P/E ratio of 23.51, a P/E/G ratio of 4.25 and a beta of 0.65. 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 has a 1 year low of $10.98 and a 1 year high of $17.07.

Kimbell Royalty Partners Cuts Dividend

The business also recently announced 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 13.34%. The ex-dividend date was Tuesday, March 18th. Kimbell Royalty Partners's payout ratio is currently -1,454.55%.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in Kimbell Royalty Partners by 15.4% in the 4th quarter. American Century Companies Inc. now owns 2,208,353 shares of the energy company's stock valued at $35,842,000 after acquiring an additional 294,789 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Kimbell Royalty Partners in the 4th quarter valued at $30,449,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kimbell Royalty Partners by 14.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company's stock valued at $10,511,000 after acquiring an additional 82,499 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Kimbell Royalty Partners by 0.5% in the 4th quarter. King Luther Capital Management Corp now owns 443,119 shares of the energy company's stock valued at $7,192,000 after acquiring an additional 2,200 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in Kimbell Royalty Partners by 44.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 386,884 shares of the energy company's stock valued at $5,416,000 after acquiring an additional 119,869 shares during the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Company Profile