GSA Capital Partners LLP Raises Position in Kimbell Royalty Partners, LP (NYSE:KRP)

GSA Capital Partners LLP raised its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 80.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 94,613 shares of the energy company’s stock after acquiring an additional 42,275 shares during the period. GSA Capital Partners LLP’s holdings in Kimbell Royalty Partners were worth $1,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI boosted its holdings in Kimbell Royalty Partners by 5.5% during the 2nd quarter. National Bank of Canada FI now owns 13,138 shares of the energy company’s stock valued at $217,000 after acquiring an additional 685 shares during the period. California State Teachers Retirement System grew its holdings in Kimbell Royalty Partners by 1.2% in the 1st quarter. California State Teachers Retirement System now owns 59,742 shares of the energy company’s stock worth $927,000 after acquiring an additional 700 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of Kimbell Royalty Partners by 4.7% during the second quarter. Centaurus Financial Inc. now owns 18,315 shares of the energy company’s stock valued at $300,000 after acquiring an additional 823 shares during the last quarter. Carson Advisory Inc. increased its holdings 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 valued at $791,000 after purchasing an additional 883 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in Kimbell Royalty Partners by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 15,696 shares of the energy company’s stock worth $257,000 after buying an additional 974 shares during the period. 25.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Kimbell Royalty Partners Trading Down 1.4 %

NYSE KRP opened at $16.37 on Wednesday. Kimbell Royalty Partners, LP has a 12 month low of $14.26 and a 12 month high of $17.07. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average price is $15.99 and its 200-day moving average price is $16.22. The stock has a market cap of $1.56 billion, a P/E ratio of 32.10, a P/E/G ratio of 2.09 and a beta of 1.13.

Kimbell Royalty Partners (NYSE:KRP) last posted its earnings results on Thursday, November 7th. The energy company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Kimbell Royalty Partners had a return on equity of 5.72% and a net margin of 11.33%. The business had revenue of $83.79 million during the quarter, compared to analyst estimates of $80.03 million. During the same quarter last year, the company earned $0.19 EPS. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. As a group, equities analysts forecast that Kimbell Royalty Partners, LP will post 0.68 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.02%. Kimbell Royalty Partners’s dividend payout ratio is presently 329.42%.

Kimbell Royalty Partners Profile