Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 36.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 754,416 shares of the energy company’s stock after selling 437,558 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Kimbell Royalty Partners were worth $11,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Freestone Capital Holdings LLC boosted its stake in Kimbell Royalty Partners by 16.8% during the first quarter. Freestone Capital Holdings LLC now owns 286,128 shares of the energy company’s stock worth $4,441,000 after buying an additional 41,134 shares during the last quarter. Carson Advisory Inc. lifted its stake in shares of Kimbell Royalty Partners by 6.7% in the 1st quarter. Carson Advisory Inc. now owns 48,850 shares of the energy company’s stock valued at $758,000 after purchasing an additional 3,059 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Kimbell Royalty Partners by 189.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,373,991 shares of the energy company’s stock valued at $19,882,000 after purchasing an additional 899,322 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Kimbell Royalty Partners by 2,480.0% in the 1st quarter. Venturi Wealth Management LLC now owns 25,800 shares of the energy company’s stock valued at $400,000 after purchasing an additional 24,800 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Kimbell Royalty Partners by 4.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 546,876 shares of the energy company’s stock valued at $8,488,000 after purchasing an additional 25,156 shares during the last quarter. 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 50,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $16.52, for a total transaction of $826,000.00. Following the completion of the sale, the director now directly owns 249,030 shares of the company’s stock, valued at approximately $4,113,975.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Trading Down 0.1 %

KRP opened at $16.79 on Monday. Kimbell Royalty Partners, LP has a one year low of $14.02 and a one year high of $17.11. The company has a market cap of $1.60 billion, a P/E ratio of 27.98, a PEG ratio of 1.48 and a beta of 1.13. 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 business’s 50-day simple moving average is $16.62 and its 200-day simple moving average is $15.93.

Kimbell Royalty Partners (NYSE:KRP) last announced 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 firm had revenue of $87.50 million during the quarter, compared to analyst estimates of $79.42 million. Kimbell Royalty Partners had a net margin of 12.93% and a return on equity of 5.74%. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. As a group, equities research analysts expect that Kimbell Royalty Partners, LP will post 1 EPS for the current fiscal year.

Kimbell Royalty Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were given a $0.49 dividend. The ex-dividend date was Friday, May 10th. This is a boost 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 11.67%. Kimbell Royalty Partners’s dividend payout ratio is 326.67%.

Analysts Set New Price Targets

KRP has been the topic of several research reports. KeyCorp increased their target price on Kimbell Royalty Partners from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Truist Financial upped their price target on Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Bank of America reiterated an “underperform” rating and issued a $16.00 price objective on shares of Kimbell Royalty Partners in a report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.83.

Kimbell Royalty Partners Profile