Kimbell Royalty Partners (NYSE:KRP) Sees Unusually-High Trading Volume – Should You Buy?

Kimbell Royalty Partners, LP (NYSE:KRP) shares saw strong trading volume on Wednesday . 1,384,715 shares traded hands during trading, an increase of 112% from the previous session’s volume of 651,652 shares.The stock last traded at $15.29 and had previously closed at $16.27.

Wall Street Analysts Forecast Growth

Several research firms have commented on KRP. KeyCorp cut their price target on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial cut their target price on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.40.

Kimbell Royalty Partners Stock Down 5.0 %

The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 1.95 and a beta of 1.10. The firm has a fifty day moving average price of $16.01 and a 200 day moving average price of $16.09. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

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

Kimbell Royalty Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 10.61%. The ex-dividend date of this dividend was Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently 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 firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total value of $82,050.00. Following the transaction, the insider now directly owns 45,164 shares of the company’s stock, valued at approximately $741,141.24. This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in Kimbell Royalty Partners by 20.9% during the second quarter. American Century Companies Inc. now owns 1,508,131 shares of the energy company’s stock worth $24,673,000 after buying an additional 260,332 shares during the last quarter. Raymond James & Associates grew its holdings in Kimbell Royalty Partners by 6.1% during the third quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company’s stock valued at $17,998,000 after purchasing an additional 64,678 shares during the period. King Luther Capital Management Corp increased its stake in Kimbell Royalty Partners by 7.3% in the second quarter. King Luther Capital Management Corp now owns 440,919 shares of the energy company’s stock valued at $7,213,000 after purchasing an additional 29,998 shares in the last quarter. Stifel Financial Corp raised its holdings in Kimbell Royalty Partners by 3.3% in the third quarter. Stifel Financial Corp now owns 235,945 shares of the energy company’s stock worth $3,796,000 after purchasing an additional 7,626 shares during the period. Finally, Aptus Capital Advisors LLC boosted its position in shares of Kimbell Royalty Partners by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company’s stock worth $3,662,000 after purchasing an additional 30,788 shares in the last quarter. 25.78% of the stock is currently owned by institutional investors.

Kimbell Royalty Partners Company Profile