Blayne Rhynsburger Sells 5,000 Shares of Kimbell Royalty Partners, LP (NYSE:KRP) Stock

Kimbell Royalty Partners, LP (NYSE:KRP) insider Blayne Rhynsburger sold 5,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total transaction of $82,050.00. Following the completion of the sale, the insider now directly owns 45,164 shares of the company’s stock, valued at $741,141.24. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kimbell Royalty Partners Stock Down 2.3 %

Shares of NYSE KRP opened at $15.96 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.68 and a current ratio of 5.20. Kimbell Royalty Partners, LP has a 1 year low of $14.26 and a 1 year high of $17.07. The stock’s 50-day simple moving average is $16.05 and its 200-day simple moving average is $16.22. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.00 and a beta of 1.13.

Kimbell Royalty Partners (NYSE:KRP) last announced its earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $83.79 million for the quarter, compared to analyst estimates of $80.03 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. Kimbell Royalty Partners’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. As a group, equities analysts anticipate that Kimbell Royalty Partners, LP will post 0.69 earnings per share for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.64 dividend on an annualized basis and a yield of 10.28%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 329.42%.

Institutional Investors Weigh In On Kimbell Royalty Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC bought a new position in Kimbell Royalty Partners during the second quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of Kimbell Royalty Partners in the 2nd quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Kimbell Royalty Partners by 98.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock valued at $49,000 after buying an additional 1,484 shares during the last quarter. Godsey & Gibb Inc. raised its stake in Kimbell Royalty Partners by 62.9% during the third quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock worth $66,000 after acquiring an additional 1,580 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in Kimbell Royalty Partners in the third quarter worth about $79,000. Institutional investors own 25.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on KRP shares. KeyCorp lowered their price target on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial dropped their target price on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kimbell Royalty Partners presently has an average rating of “Moderate Buy” and an average target price of $20.50.

About Kimbell Royalty Partners