Kimbell Royalty Partners (NYSE:KRP) Sets New 12-Month Low - Here's Why

Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $10.98 and last traded at $12.47, with a volume of 1056174 shares traded. The stock had previously closed at $11.58.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. Bank of America reduced their target price on Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating for the company in a report on Tuesday, March 4th. Mizuho started coverage on Kimbell Royalty Partners in a report on Monday, March 31st. They set a "neutral" rating and a $16.00 price target on the stock. Royal Bank of Canada upgraded shares of Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. Finally, Truist Financial cut shares of Kimbell Royalty Partners from a "buy" rating to a "hold" rating and decreased their price target for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.80.

Kimbell Royalty Partners Price Performance

The company's fifty day simple moving average is $14.17 and its 200-day simple moving average is $15.34. The stock has a market cap of $1.28 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 4.25 and a beta of 0.65. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

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 given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 18th. This represents a $1.60 annualized dividend and a dividend yield of 13.41%. Kimbell Royalty Partners's dividend payout ratio (DPR) is presently -1,454.55%.

Insider Buying and Selling at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of the company's stock in a transaction dated 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 directly owns 49,263 shares of the company's stock, valued at approximately $682,785.18. This represents a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KRP. Parkside Financial Bank & Trust acquired a new position in shares of Kimbell Royalty Partners during the fourth quarter valued at $32,000. PNC Financial Services Group Inc. acquired a new position in Kimbell Royalty Partners in the fourth quarter valued at about $32,000. Lowe Wealth Advisors LLC bought a new stake in Kimbell Royalty Partners during the 1st quarter worth approximately $34,000. GAMMA Investing LLC acquired a new position in Kimbell Royalty Partners in the 1st quarter worth $34,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Kimbell Royalty Partners by 293.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company's stock worth $44,000 after buying an additional 2,028 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

Kimbell Royalty Partners Company Profile