Kimbell Royalty (NYSE:KRP) Sees Significant Growth in Short Interest

Kimbell Royalty (NYSE:KRP) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,671,378 shares, a growth of 27.0% from the January 15th total of 1,315,684 shares. Based on an average daily trading volume, of 637,103 shares, the short-interest ratio is presently 2.6 days. Approximately 1.6% of the shares of the company are short sold. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 637,103 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KRP. Zacks Research lowered shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. KeyCorp reiterated a “sector weight” rating on shares of Kimbell Royalty in a research report on Monday, November 24th. Mizuho boosted their price target on shares of Kimbell Royalty from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings raised shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Finally, Citigroup reduced their price objective on shares of Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Kimbell Royalty presently has an average rating of “Hold” and an average price target of $15.80.

Kimbell Royalty Price Performance

Shares of NYSE:KRP traded up $0.01 on Monday, hitting $14.07. The company’s stock had a trading volume of 443,739 shares, compared to its average volume of 554,043. The company has a market capitalization of $1.52 billion, a PE ratio of -200.93, a PEG ratio of 4.33 and a beta of 0.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.39 and a quick ratio of 5.39. The company has a 50-day simple moving average of $12.49 and a 200 day simple moving average of $13.15. Kimbell Royalty has a 1 year low of $10.98 and a 1 year high of $16.14.

Institutional Investors Weigh In On Kimbell Royalty

Large investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in Kimbell Royalty in the second quarter worth approximately $56,000. State of Wyoming bought a new stake in Kimbell Royalty in the third quarter worth $62,000. EverSource Wealth Advisors LLC boosted its position in Kimbell Royalty by 29.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,450 shares of the energy company’s stock valued at $64,000 after buying an additional 1,250 shares during the period. Westwood Holdings Group Inc. bought a new position in shares of Kimbell Royalty during the second quarter valued at about $140,000. Finally, Marex Group plc purchased a new position in shares of Kimbell Royalty in the fourth quarter worth about $118,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

About Kimbell Royalty

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.