Kimbell Royalty Partners LP (NYSE:KRP) Director Erik B. Daugbjerg bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average price of $22.14 per share, with a total value of $55,350.00. Following the transaction, the director now directly owns 7,978 shares of the company’s stock, valued at approximately $176,632.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NYSE KRP traded up $0.17 during trading on Friday, hitting $22.35. 171,178 shares of the stock traded hands, compared to its average volume of 38,182. The stock has a market capitalization of $595.29 million, a PE ratio of 171.92 and a beta of 1.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.21 and a quick ratio of 2.21. Kimbell Royalty Partners LP has a 12-month low of $15.51 and a 12-month high of $24.50.
Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings results on Thursday, August 9th. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $10.71 million for the quarter, compared to analysts’ expectations of $10.95 million. Kimbell Royalty Partners had a negative net margin of 126.81% and a positive return on equity of 1.93%. analysts anticipate that Kimbell Royalty Partners LP will post 0.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 13th. Shareholders of record on Monday, August 6th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend was Friday, August 3rd. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.42. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 1,323.08%.
Several analysts recently issued reports on the company. Zacks Investment Research cut Kimbell Royalty Partners from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Raymond James raised their price target on Kimbell Royalty Partners from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, August 16th. Imperial Capital raised their price target on Kimbell Royalty Partners from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, May 30th. Finally, Stifel Nicolaus restated a “buy” rating and set a $24.00 price target (down previously from $25.00) on shares of Kimbell Royalty Partners in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $25.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Yorktown Energy Partners X L.P. purchased a new position in Kimbell Royalty Partners during the 2nd quarter valued at approximately $20,382,000. SG Capital Management LLC purchased a new position in Kimbell Royalty Partners during the 2nd quarter valued at approximately $1,366,000. Renaissance Technologies LLC purchased a new position in Kimbell Royalty Partners during the 2nd quarter valued at approximately $1,117,000. Hollow Brook Wealth Management LLC grew its holdings in Kimbell Royalty Partners by 74.8% during the 1st quarter. Hollow Brook Wealth Management LLC now owns 19,860 shares of the energy company’s stock valued at $377,000 after buying an additional 8,500 shares in the last quarter. Finally, Raymond James & Associates purchased a new position in Kimbell Royalty Partners during the 2nd quarter valued at approximately $381,000. Institutional investors and hedge funds own 17.39% of the company’s stock.
Kimbell Royalty Partners Company Profile
Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2017, the company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 2 million gross acres.
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