Kimbell Royalty Partners (NYSE:KRP) Sets New 52-Week Low – Here’s What Happened

Posted by Hayley Millar on Feb 28th, 2025

Kimbell Royalty Partners, LP (NYSE:KRP – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $14.93 and last traded at $15.08, with a volume of 134983 shares changing hands. The stock had previously closed at $15.08.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Raymond James upped their price objective on shares of Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd.

Read Our Latest Research Report on Kimbell Royalty Partners

Kimbell Royalty Partners Price Performance

The stock has a market capitalization of $1.46 billion, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 4.25 and a beta of 1.08. The business has a fifty day simple moving average of $15.75 and a 200 day simple moving average of $15.88. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.60 annualized dividend and a yield of 10.45%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 321.57%.

Hedge Funds Weigh In On Kimbell Royalty Partners

Several large investors have recently bought and sold shares of the stock. AlphaCore Capital LLC grew its stake in shares of Kimbell Royalty Partners by 0.9% in the 4th quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company’s stock worth $2,421,000 after acquiring an additional 1,350 shares in the last quarter. Sunbelt Securities Inc. grew its position in Kimbell Royalty Partners by 760.0% in the 4th quarter. Sunbelt Securities Inc. now owns 6,450 shares of the energy company’s stock worth $104,000 after purchasing an additional 5,700 shares in the last quarter. Vident Advisory LLC grew its position in Kimbell Royalty Partners by 6.0% in the 4th quarter. Vident Advisory LLC now owns 30,815 shares of the energy company’s stock worth $500,000 after purchasing an additional 1,747 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kimbell Royalty Partners by 14.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 647,657 shares of the energy company’s stock valued at $10,511,000 after buying an additional 82,499 shares during the last quarter. Finally, Graham Capital Management L.P. lifted its position in shares of Kimbell Royalty Partners by 87.3% during the 4th quarter. Graham Capital Management L.P. now owns 47,037 shares of the energy company’s stock worth $763,000 after buying an additional 21,923 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors.