Jump Financial LLC Trims Position in Kimbell Royalty Partners, LP (NYSE:KRP)

Jump Financial LLC reduced its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 60.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,188 shares of the energy company’s stock after selling 32,766 shares during the period. Jump Financial LLC’s holdings in Kimbell Royalty Partners were worth $319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. purchased a new position in Kimbell Royalty Partners during the third quarter valued at approximately $48,000. Annandale Capital LLC increased its holdings in shares of Kimbell Royalty Partners by 8.1% during the 3rd quarter. Annandale Capital LLC now owns 11,328 shares of the energy company’s stock valued at $181,000 after purchasing an additional 850 shares in the last quarter. Barclays PLC lifted its stake in shares of Kimbell Royalty Partners by 13.2% in the 3rd quarter. Barclays PLC now owns 11,909 shares of the energy company’s stock valued at $191,000 after purchasing an additional 1,386 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kimbell Royalty Partners by 11.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,115 shares of the energy company’s stock worth $197,000 after buying an additional 1,379 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in Kimbell Royalty Partners during the third quarter valued at $198,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 22,326 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $15.59, for a total transaction of $348,062.34. Following the transaction, the director now owns 380,210 shares of the company’s stock, valued at $5,927,473.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Kimbell Royalty Partners news, Director Brett G. Taylor sold 22,326 shares of Kimbell Royalty Partners stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $15.59, for a total transaction of $348,062.34. Following the transaction, the director now directly owns 380,210 shares of the company’s stock, valued at $5,927,473.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett G. Taylor sold 22,327 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $15.68, for a total transaction of $350,087.36. Following the completion of the sale, the director now directly owns 402,536 shares of the company’s stock, valued at approximately $6,311,764.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,672 shares of company stock valued at $2,397,185. 5.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KRP has been the topic of several recent analyst reports. Truist Financial lowered their target price on shares of Kimbell Royalty Partners from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. KeyCorp raised their price objective on Kimbell Royalty Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, TD Securities reduced their target price on Kimbell Royalty Partners from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $21.00.

Kimbell Royalty Partners Stock Down 0.5 %

Shares of KRP opened at $16.42 on Friday. The stock has a 50 day moving average price of $16.03 and a 200 day moving average price of $15.50. Kimbell Royalty Partners, LP has a one year low of $14.02 and a one year high of $17.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 27.37 and a beta of 1.07.

Kimbell Royalty Partners (NYSE:KRP) last released its earnings results on Thursday, May 2nd. The energy company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.15). The business had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $79.42 million. Kimbell Royalty Partners had a return on equity of 5.74% and a net margin of 12.93%. Kimbell Royalty Partners’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. Equities research analysts forecast that Kimbell Royalty Partners, LP will post 0.92 earnings per share for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. This represents a $1.96 dividend on an annualized basis and a dividend yield of 11.94%. Kimbell Royalty Partners’s dividend payout ratio is 326.67%.

Kimbell Royalty Partners Profile