Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lowered its holdings in Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,800 shares of the energy company's stock after selling 49,000 shares during the period. Schonfeld Strategic Advisors LLC owned 0.16% of Kimbell Royalty Partners worth $2,431,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Kimbell Royalty Partners in the fourth quarter worth $30,449,000. Orvieto Partners L.P. bought a new stake in Kimbell Royalty Partners in the fourth quarter worth about $6,103,000. American Century Companies Inc. raised its position in shares of Kimbell Royalty Partners by 15.4% during the fourth quarter. American Century Companies Inc. now owns 2,208,353 shares of the energy company's stock worth $35,842,000 after purchasing an additional 294,789 shares during the period. Marshall Wace LLP acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter worth $3,151,000. Finally, Barclays PLC lifted its position in shares of Kimbell Royalty Partners by 1,279.4% in the fourth quarter. Barclays PLC now owns 187,671 shares of the energy company's stock worth $3,046,000 after purchasing an additional 174,066 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

Insider Transactions at Kimbell Royalty Partners

In other 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 value of $108,814.86. Following the completion of 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 is accessible through this hyperlink. Company insiders own 5.60% of the company's stock.

Kimbell Royalty Partners Stock Down 1.1 %

Shares of NYSE KRP traded down $0.13 during midday trading on Wednesday, reaching $11.90. 470,571 shares of the company's stock traded hands, compared to its average volume of 592,040. Kimbell Royalty Partners, LP has a one year low of $10.98 and a one year high of $17.07. The stock's 50 day simple moving average is $13.03 and its 200-day simple moving average is $14.89. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 4.25 and a beta of 0.44.

Kimbell Royalty Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 13.45%. The ex-dividend date of this dividend was Tuesday, March 18th. Kimbell Royalty Partners's dividend payout ratio (DPR) is currently -1,454.55%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KRP shares. KeyCorp cut their price target on shares of Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Royal Bank of Canada raised shares of Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. 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 report on Tuesday, March 4th. Finally, Mizuho assumed coverage on Kimbell Royalty Partners in a research note on Monday, March 31st. They set a "neutral" rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.40.

About Kimbell Royalty Partners