Kimbell Royalty Partners LP (NYSE:KRP) Director William H. Adams III Acquires 5,000 Shares

Kimbell Royalty Partners LP (NYSE:KRP) Director William H. Adams III acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $14.60 per share, for a total transaction of $73,000.00. Following the completion of the transaction, the director now owns 108,005 shares in the company, valued at approximately $1,576,873. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of KRP traded up $0.01 on Thursday, reaching $14.50. The stock had a trading volume of 419 shares, compared to its average volume of 77,716. The firm has a market capitalization of $347.71 million, a price-to-earnings ratio of -72.20 and a beta of 1.48. The company has a quick ratio of 8.07, a current ratio of 8.07 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $15.64. Kimbell Royalty Partners LP has a 12-month low of $13.01 and a 12-month high of $24.40.

Kimbell Royalty Partners (NYSE:KRP) last released its earnings results on Thursday, August 8th. The energy company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.45. The company had revenue of $31.94 million during the quarter, compared to analysts’ expectations of $27.75 million. Kimbell Royalty Partners had a positive return on equity of 2.96% and a negative net margin of 17.53%. As a group, sell-side analysts predict that Kimbell Royalty Partners LP will post 0.13 earnings per share for the current fiscal year.



The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.76%. The ex-dividend date of this dividend was Friday, August 2nd. Kimbell Royalty Partners’s payout ratio is presently -780.00%.

A number of brokerages have recently weighed in on KRP. SunTrust Banks began coverage on Kimbell Royalty Partners in a research report on Monday, June 17th. They issued a “hold” rating and a $19.00 price objective on the stock. Stephens set a $23.00 price objective on Kimbell Royalty Partners and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Credit Suisse Group upgraded Kimbell Royalty Partners from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Monday, May 13th. TheStreet lowered Kimbell Royalty Partners from a “c” rating to a “d+” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research upgraded Kimbell Royalty Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.63.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of Kimbell Royalty Partners by 1,025.2% in the fourth quarter. Advisor Group Inc. now owns 2,813 shares of the energy company’s stock valued at $38,000 after acquiring an additional 2,563 shares in the last quarter. Lee Financial Co increased its position in shares of Kimbell Royalty Partners by 1.7% in the second quarter. Lee Financial Co now owns 201,704 shares of the energy company’s stock worth $3,258,000 after acquiring an additional 3,282 shares in the last quarter. Meridian Wealth Advisors LLC increased its position in shares of Kimbell Royalty Partners by 21.0% in the first quarter. Meridian Wealth Advisors LLC now owns 23,016 shares of the energy company’s stock worth $421,000 after acquiring an additional 4,000 shares in the last quarter. Trustcore Financial Services LLC increased its position in shares of Kimbell Royalty Partners by 42.8% in the first quarter. Trustcore Financial Services LLC now owns 16,060 shares of the energy company’s stock worth $293,000 after acquiring an additional 4,810 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Kimbell Royalty Partners by 46.7% in the second quarter. JPMorgan Chase & Co. now owns 19,000 shares of the energy company’s stock worth $309,000 after acquiring an additional 6,050 shares in the last quarter. Institutional investors own 48.69% of the company’s stock.

About Kimbell Royalty Partners

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, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.

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