Insider Selling: Kimbell Royalty Partners, LP (NYSE:KRP) Insider Sells $78,550.00 in Stock

Kimbell Royalty Partners, LP (NYSE:KRP) insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $15.71, for a total value of $78,550.00. Following the completion of the sale, the insider now owns 50,164 shares in the company, valued at $788,076.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kimbell Royalty Partners Stock Performance

NYSE KRP opened at $15.96 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 8.48 and a quick ratio of 8.48. Kimbell Royalty Partners, LP has a 1-year low of $14.26 and a 1-year high of $17.11. The firm has a market capitalization of $1.52 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.41 and a beta of 1.13. The business’s 50-day simple moving average is $16.43 and its 200-day simple moving average is $16.03.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). Kimbell Royalty Partners had a return on equity of 4.91% and a net margin of 10.74%. The business had revenue of $76.60 million during the quarter, compared to analyst estimates of $81.19 million. During the same period in the previous year, the company earned $0.23 EPS. Kimbell Royalty Partners’s revenue was up 26.0% on a year-over-year basis. Equities analysts predict that Kimbell Royalty Partners, LP will post 1 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 10.53%. The ex-dividend date of this dividend is Monday, August 12th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 280.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America restated an “underperform” rating and issued a $16.00 target price on shares of Kimbell Royalty Partners in a report on Friday, June 14th. Truist Financial raised their target price on shares of Kimbell Royalty Partners from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, KeyCorp lifted their price objective on Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kimbell Royalty Partners currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Kimbell Royalty Partners by 98.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock valued at $49,000 after purchasing an additional 1,484 shares in the last quarter. Algert Global LLC bought a new stake in shares of Kimbell Royalty Partners in the second quarter worth $223,000. EverSource Wealth Advisors LLC bought a new position in Kimbell Royalty Partners during the 2nd quarter valued at $25,000. Bridgewealth Advisory Group LLC bought a new position in Kimbell Royalty Partners during the 2nd quarter valued at $165,000. Finally, AE Wealth Management LLC acquired a new position in Kimbell Royalty Partners during the 2nd quarter worth $288,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile