Hilltop National Bank Makes New Investment in Kimbell Royalty Partners, LP (NYSE:KRP)

Hilltop National Bank bought a new position in Kimbell Royalty Partners, LP (NYSE:KRP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the energy company’s stock, valued at approximately $49,000.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Kimbell Royalty Partners by 1,509.0% in the third quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock worth $1,573,000 after purchasing an additional 91,672 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimbell Royalty Partners by 11.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,134 shares of the energy company’s stock valued at $1,627,000 after acquiring an additional 10,176 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Kimbell Royalty Partners by 42.6% during the 3rd quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company’s stock valued at $345,000 after acquiring an additional 6,401 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Kimbell Royalty Partners by 19.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,841 shares of the energy company’s stock valued at $512,000 after purchasing an additional 5,190 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in Kimbell Royalty Partners by 102.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 87,377 shares of the energy company’s stock valued at $1,429,000 after purchasing an additional 44,320 shares during the period. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Trading Up 1.0 %

Kimbell Royalty Partners stock opened at $15.56 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.95 and a beta of 1.10. Kimbell Royalty Partners, LP has a one year low of $14.26 and a one year high of $17.07. The company’s fifty day moving average price is $15.98 and its two-hundred day moving average price is $16.08.

Kimbell Royalty Partners (NYSE:KRP) last posted its earnings results on Thursday, November 7th. The energy company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $83.79 million for the quarter, compared to the consensus estimate of $80.03 million. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. On average, analysts forecast that Kimbell Royalty Partners, LP will post 0.69 earnings per share for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date was Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 321.57%.

Insider Buying and Selling at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total transaction of $82,050.00. Following the completion of the sale, the insider now directly owns 45,164 shares in the company, valued at $741,141.24. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

KRP has been the topic of several recent analyst reports. Truist Financial cut their target price on shares of Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. KeyCorp dropped their price target on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.40.

About Kimbell Royalty Partners