Kimbell Royalty Partners, LP (NYSE:KRP) Director Sells $826,000.00 in Stock

Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) Director Brett G. Taylor sold 50,000 shares of Kimbell Royalty Partners stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $16.52, for a total value of $826,000.00. Following the transaction, the director now owns 249,030 shares in the company, valued at approximately $4,113,975.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Kimbell Royalty Partners Stock Down 5.7 %

Shares of Kimbell Royalty Partners stock traded down $0.95 on Friday, reaching $15.67. 466,531 shares of the company were exchanged, compared to its average volume of 351,002. Kimbell Royalty Partners, LP has a one year low of $14.02 and a one year high of $17.11. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 27.70 and a beta of 1.07. The company has a current ratio of 7.95, a quick ratio of 7.95 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $15.84 and a 200 day moving average of $15.50.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.15). Kimbell Royalty Partners had a return on equity of 5.68% and a net margin of 12.93%. The company had revenue of $87.50 million for the quarter, compared to the consensus estimate of $79.42 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company's revenue for the quarter was up 52.4% on a year-over-year basis. On average, equities research analysts forecast that Kimbell Royalty Partners, LP will post 0.91 earnings per share for the current year.

Kimbell Royalty Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Kimbell Royalty Partners's previous quarterly dividend of $0.43. This represents a $1.96 dividend on an annualized basis and a dividend yield of 12.51%. Kimbell Royalty Partners's payout ratio is presently 326.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KRP. Truist Financial cut their price objective on Kimbell Royalty Partners from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Raymond James cut their target price on Kimbell Royalty Partners from $22.00 to $20.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 24th. KeyCorp boosted their target price on Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Monday, April 22nd. Finally, TD Securities cut their target price on Kimbell Royalty Partners from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, February 22nd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kimbell Royalty Partners presently has a consensus rating of "Buy" and an average target price of $21.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Mill Road Capital Management LLC increased its holdings in shares of Kimbell Royalty Partners by 14.8% during the 4th quarter. Mill Road Capital Management LLC now owns 1,885,765 shares of the energy company's stock worth $28,381,000 after acquiring an additional 243,761 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Kimbell Royalty Partners by 2.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,859,664 shares of the energy company's stock worth $29,755,000 after acquiring an additional 36,830 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Kimbell Royalty Partners by 189.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,373,991 shares of the energy company's stock worth $19,882,000 after acquiring an additional 899,322 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Kimbell Royalty Partners by 1.7% during the 1st quarter. Raymond James & Associates now owns 1,036,263 shares of the energy company's stock worth $16,083,000 after acquiring an additional 17,474 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Kimbell Royalty Partners by 14.5% during the 3rd quarter. American Century Companies Inc. now owns 743,562 shares of the energy company's stock worth $11,897,000 after acquiring an additional 94,340 shares during the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Kimbell Royalty Partners Company Profile

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