U.S. Capital Wealth Advisors LLC Has $4.33 Million Holdings in Kimbell Royalty Partners, LP (NYSE:KRP)

U.S. Capital Wealth Advisors LLC increased its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 38.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 267,015 shares of the energy company’s stock after purchasing an additional 74,098 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Kimbell Royalty Partners were worth $4,334,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of KRP. AlphaCore Capital LLC increased its holdings in shares of Kimbell Royalty Partners by 0.5% during the third quarter. AlphaCore Capital LLC now owns 147,789 shares of the energy company’s stock worth $2,378,000 after purchasing an additional 675 shares during the period. Centaurus Financial Inc. increased its stake in Kimbell Royalty Partners by 4.7% during the 2nd quarter. Centaurus Financial Inc. now owns 18,315 shares of the energy company’s stock worth $300,000 after acquiring an additional 823 shares during the period. Carson Advisory Inc. increased its stake in Kimbell Royalty Partners by 1.8% during the 3rd quarter. Carson Advisory Inc. now owns 49,150 shares of the energy company’s stock worth $791,000 after acquiring an additional 883 shares during the period. Northwestern Mutual Wealth Management Co. lifted 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 acquiring an additional 1,484 shares during the period. Finally, Godsey & Gibb Inc. grew its holdings in shares of Kimbell Royalty Partners by 62.9% during the 3rd quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock worth $66,000 after purchasing an additional 1,580 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Kimbell Royalty Partners Trading Down 1.4 %

KRP opened at $15.39 on Monday. The company has a market cap of $1.47 billion, a P/E ratio of 30.17, a PEG ratio of 4.17 and a beta of 1.10. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $15.85 and its 200-day moving average is $15.97. Kimbell Royalty Partners, LP has a 1-year low of $14.57 and a 1-year high of $17.07.

Kimbell Royalty Partners (NYSE:KRP) last issued its earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $83.79 million for the quarter, compared to analyst estimates of $80.03 million. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. Equities research analysts predict that Kimbell Royalty Partners, LP will post 0.65 earnings per share for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.64 dividend on an annualized basis and a yield of 10.66%. Kimbell Royalty Partners’s payout ratio is presently 321.57%.

Insider Buying and Selling at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total value of $82,050.00. Following the completion of the transaction, the insider now owns 45,164 shares of the company’s stock, valued at $741,141.24. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial boosted their price target on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 13th. KeyCorp cut their price target on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Raymond James lifted their price objective on shares of Kimbell Royalty Partners from $19.00 to $23.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kimbell Royalty Partners has an average rating of “Moderate Buy” and a consensus target price of $21.20.

About Kimbell Royalty Partners