International Assets Investment Management LLC Acquires 85,854 Shares of Kimbell Royalty Partners, LP (NYSE:KRP)

International Assets Investment Management LLC lifted its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 1,540.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 91,429 shares of the energy company's stock after acquiring an additional 85,854 shares during the period. International Assets Investment Management LLC owned approximately 0.10% of Kimbell Royalty Partners worth $1,376,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. lifted its holdings in Kimbell Royalty Partners by 433.3% during the 3rd quarter. Godsey & Gibb Inc. now owns 1,600 shares of the energy company's stock valued at $26,000 after purchasing an additional 1,300 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Kimbell Royalty Partners during the 3rd quarter valued at about $48,000. Barclays PLC bought a new position in Kimbell Royalty Partners during the 2nd quarter valued at about $155,000. National Bank of Canada FI lifted its holdings in Kimbell Royalty Partners by 29.6% during the 3rd quarter. National Bank of Canada FI now owns 10,962 shares of the energy company's stock valued at $171,000 after purchasing an additional 2,501 shares during the last quarter. Finally, Annandale Capital LLC lifted its holdings in Kimbell Royalty Partners by 8.1% during the 3rd quarter. Annandale Capital LLC now owns 11,328 shares of the energy company's stock valued at $181,000 after purchasing an additional 850 shares during the last quarter. 25.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Blayne Rhynsburger sold 6,487 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $15.60, for a total value of $101,197.20. Following the completion of the transaction, the insider now owns 55,164 shares in the company, valued at $860,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Brett G. Taylor sold 22,326 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $15.59, for a total transaction of $348,062.34. Following the completion of the transaction, the director now owns 380,210 shares in the company, valued at $5,927,473.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Blayne Rhynsburger sold 6,487 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $15.60, for a total transaction of $101,197.20. Following the transaction, the insider now owns 55,164 shares of the company's stock, valued at approximately $860,558.40. The disclosure for this sale can be found here. Insiders have sold 100,672 shares of company stock valued at $1,571,185 in the last 90 days. 5.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on KRP shares. KeyCorp lifted their price target on shares of Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial lowered their price objective on shares of Kimbell Royalty Partners from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Raymond James lowered their price objective on shares of Kimbell Royalty Partners from $22.00 to $20.00 and set a "strong-buy" rating for the company in a research report on Wednesday, January 24th. Finally, TD Securities lowered their price objective on shares of Kimbell Royalty Partners from $26.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, February 22nd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kimbell Royalty Partners has a consensus rating of "Buy" and a consensus target price of $21.00.

Kimbell Royalty Partners Trading Down 1.3 %

Shares of NYSE:KRP traded down $0.21 during trading on Monday, hitting $15.88. 414,051 shares of the company's stock were exchanged, compared to its average volume of 345,898. Kimbell Royalty Partners, LP has a 1-year low of $14.02 and a 1-year high of $17.11. The firm has a 50-day moving average price of $15.65 and a two-hundred day moving average price of $15.49. 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 firm has a market cap of $1.50 billion, a P/E ratio of 17.26 and a beta of 1.08.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.13). Kimbell Royalty Partners had a return on equity of 8.98% and a net margin of 20.45%. The business had revenue of $99.20 million for the quarter, compared to analyst estimates of $83.89 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm's quarterly revenue was up 44.4% compared to the same quarter last year. Equities analysts predict that Kimbell Royalty Partners, LP will post 0.79 earnings per share for the current year.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 13th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 10.83%. The ex-dividend date of this dividend was Tuesday, March 12th. Kimbell Royalty Partners's payout ratio is 186.96%.

About Kimbell Royalty Partners