Kimbell Royalty Partners, LP (NYSE:KRP) Short Interest Update

Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 1,210,000 shares, a decrease of 16.0% from the April 30th total of 1,440,000 shares. Currently, 1.3% of the company's stock are sold short. Based on an average daily trading volume, of 878,700 shares, the days-to-cover ratio is presently 1.4 days.

Insider Buying and Selling

In related news, insider Blayne Rhynsburger sold 2,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $13.27, for a total transaction of $26,540.00. Following the completion of the sale, the insider now owns 47,263 shares in the company, valued at approximately $627,180.01. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KRP. U.S. Capital Wealth Advisors LLC lifted its position in shares of Kimbell Royalty Partners by 38.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company's stock valued at $4,334,000 after buying an additional 74,098 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Kimbell Royalty Partners by 7.1% during the 4th quarter. Venturi Wealth Management LLC now owns 31,600 shares of the energy company's stock worth $513,000 after purchasing an additional 2,100 shares in the last quarter. GraniteShares Advisors LLC lifted its holdings in Kimbell Royalty Partners by 7.1% during the 4th quarter. GraniteShares Advisors LLC now owns 151,926 shares of the energy company's stock worth $2,466,000 after purchasing an additional 10,026 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Kimbell Royalty Partners by 11.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 107,087 shares of the energy company's stock worth $1,738,000 after purchasing an additional 10,710 shares in the last quarter. Finally, Parkside Financial Bank & Trust purchased a new stake in Kimbell Royalty Partners during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 25.78% of the company's stock.

Kimbell Royalty Partners Stock Performance

Shares of NYSE KRP traded up $0.30 during trading on Friday, reaching $13.42. 438,903 shares of the stock traded hands, compared to its average volume of 610,975. Kimbell Royalty Partners has a 52-week low of $10.98 and a 52-week high of $17.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. The company has a 50-day moving average of $12.72 and a 200-day moving average of $14.45. The stock has a market capitalization of $1.44 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The firm had revenue of $84.21 million for the quarter, compared to analysts' expectations of $84.05 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that Kimbell Royalty Partners will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend was Tuesday, May 20th. This is a boost from Kimbell Royalty Partners's previous quarterly dividend of $0.40. Kimbell Royalty Partners's dividend payout ratio is currently 3,760.00%.

Analysts Set New Price Targets

KRP has been the subject of several recent research reports. Raymond James reiterated a "market perform" rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. Wall Street Zen raised Kimbell Royalty Partners from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Bank of America cut their price objective on Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating on the stock in a research report on Tuesday, March 4th. Mizuho started coverage on Kimbell Royalty Partners in a research report on Monday, March 31st. They issued a "neutral" rating and a $16.00 price objective on the stock. Finally, KeyCorp cut their price objective on Kimbell Royalty Partners from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kimbell Royalty Partners presently has a consensus rating of "Hold" and an average target price of $17.40.

About Kimbell Royalty Partners