Kimbell Royalty Partners, LP (NYSE:KRP) Insider Blayne Rhynsburger Sells 2,000 Shares of Stock

Kimbell Royalty Partners, LP (NYSE:KRP – Get Rating) insider Blayne Rhynsburger sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $15.15, for a total transaction of $30,300.00. Following the sale, the insider now directly owns 56,191 shares of the company’s stock, valued at approximately $851,293.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Kimbell Royalty Partners Price Performance

NYSE:KRP traded down $0.30 on Friday, hitting $14.37. The company had a trading volume of 415,328 shares, compared to its average volume of 409,591. The stock has a market capitalization of $941.81 million, a price-to-earnings ratio of 8.21 and a beta of 1.35. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $15.89 and a two-hundred day moving average of $16.88. Kimbell Royalty Partners, LP has a 52 week low of $13.85 and a 52 week high of $20.08.

Kimbell Royalty Partners (NYSE:KRP – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The energy company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.29 by $0.19. Kimbell Royalty Partners had a net margin of 47.32% and a return on equity of 30.25%. The business had revenue of $68.67 million during the quarter, compared to the consensus estimate of $54.79 million. On average, research analysts anticipate that Kimbell Royalty Partners, LP will post 1.22 earnings per share for the current year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Thursday, March 9th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 13.36%. The ex-dividend date of this dividend was Wednesday, March 8th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 109.71%.

Hedge Funds Weigh In On Kimbell Royalty Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI increased its position in Kimbell Royalty Partners by 15.4% in the 3rd quarter. National Bank of Canada FI now owns 4,574 shares of the energy company’s stock valued at $77,000 after acquiring an additional 612 shares during the period. Quantbot Technologies LP increased its position in Kimbell Royalty Partners by 17.7% in the 3rd quarter. Quantbot Technologies LP now owns 5,098 shares of the energy company’s stock valued at $86,000 after acquiring an additional 765 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Kimbell Royalty Partners by 2.2% during the third quarter. Cubist Systematic Strategies LLC now owns 37,916 shares of the energy company’s stock worth $644,000 after buying an additional 824 shares during the period. Trust Co. of Vermont increased its position in shares of Kimbell Royalty Partners by 159.0% during the fourth quarter. Trust Co. of Vermont now owns 1,629 shares of the energy company’s stock worth $27,000 after buying an additional 1,000 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Kimbell Royalty Partners by 40.0% during the second quarter. Captrust Financial Advisors now owns 3,500 shares of the energy company’s stock worth $55,000 after buying an additional 1,000 shares during the period. 47.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Raymond James cut their price target on shares of Kimbell Royalty Partners from $26.00 to $23.00 and set a “strong-buy” rating for the company in a report on Thursday, January 26th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kimbell Royalty Partners has a consensus rating of “Buy” and a consensus target price of $21.75.

About Kimbell Royalty Partners

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Kimbell Royalty Partners LP engages in owning and acquiring mineral and royalty interests in oil and natural gas properties. The company was founded by Robert Ravnaas, R. Davis Ravnaas, Brett G. Taylor on October 30, 2015 and is headquartered in Fort Worth, TX.