Kimbell Royalty Partners LP (NYSE:KRP) Director Mitch S. Wynne Buys 4,000 Shares

Kimbell Royalty Partners LP (NYSE:KRP) Director Mitch S. Wynne acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was purchased at an average price of $5.35 per share, for a total transaction of $21,400.00. Following the completion of the transaction, the director now directly owns 148,796 shares in the company, valued at approximately $796,058.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

KRP stock traded up $1.28 during midday trading on Thursday, hitting $6.64. 237,514 shares of the company’s stock were exchanged, compared to its average volume of 334,944. The stock’s fifty day moving average price is $10.47 and its 200-day moving average price is $13.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 6.28 and a current ratio of 6.28. The company has a market cap of $332.86 million, a PE ratio of -1.77 and a beta of 1.63. Kimbell Royalty Partners LP has a one year low of $3.51 and a one year high of $18.79.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($2.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($2.30). Kimbell Royalty Partners had a negative net margin of 73.49% and a positive return on equity of 11.26%. The firm had revenue of $25.36 million during the quarter, compared to analyst estimates of $28.73 million. On average, analysts expect that Kimbell Royalty Partners LP will post -0.02 EPS for the current year.

A number of research analysts have commented on the company. Imperial Capital decreased their price objective on Kimbell Royalty Partners from $19.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. UBS Group raised their price target on Kimbell Royalty Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. KeyCorp began coverage on Kimbell Royalty Partners in a research report on Wednesday, January 22nd. They issued an “overweight” rating and a $18.00 price target on the stock. Credit Suisse Group restated an “outperform” rating on shares of Kimbell Royalty Partners in a research report on Thursday, March 19th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $13.00 price target on shares of Kimbell Royalty Partners in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $18.05.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRP. Tower Research Capital LLC TRC acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at about $39,000. Guild Investment Management Inc. acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at about $170,000. California Public Employees Retirement System acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at about $192,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at about $297,000. Finally, Bank of America Corp DE increased its position in shares of Kimbell Royalty Partners by 61.3% in the fourth quarter. Bank of America Corp DE now owns 25,000 shares of the energy company’s stock valued at $425,000 after acquiring an additional 9,500 shares during the last quarter. 23.97% of the stock is currently owned by hedge funds and other institutional investors.

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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