GSA Capital Partners LLP Grows Stock Position in Kimbell Royalty Partners, LP (NYSE:KRP)

Posted by Brian Wu on Nov 13th, 2024

GSA Capital Partners LLP grew its position in shares of Kimbell Royalty Partners, LP (NYSE:KRP – Free Report) by 80.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,613 shares of the energy company’s stock after buying an additional 42,275 shares during the period. GSA Capital Partners LLP owned 0.10% of Kimbell Royalty Partners worth $1,522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carson Advisory Inc. raised its stake in Kimbell Royalty Partners by 1.8% in the 3rd quarter. Carson Advisory Inc. now owns 49,150 shares of the energy company’s stock valued at $791,000 after acquiring an additional 883 shares during the period. Nadler Financial Group Inc. bought a new stake in shares of Kimbell Royalty Partners in the third quarter valued at approximately $165,000. Stephens Inc. AR lifted its stake in shares of Kimbell Royalty Partners by 8.6% during the 3rd quarter. Stephens Inc. AR now owns 61,063 shares of the energy company’s stock valued at $983,000 after buying an additional 4,843 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Kimbell Royalty Partners by 1,509.0% in the 3rd quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock worth $1,573,000 after buying an additional 91,672 shares during the period. Finally, Accordant Advisory Group Inc grew its stake in Kimbell Royalty Partners by 6.8% in the 3rd quarter. Accordant Advisory Group Inc now owns 191,706 shares of the energy company’s stock valued at $3,085,000 after buying an additional 12,199 shares in the last quarter. Institutional investors own 25.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KRP. KeyCorp dropped their target price on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Truist Financial dropped their price objective on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, September 30th. One equities research 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Get Our Latest Stock Report on KRP

Kimbell Royalty Partners Stock Down 1.4 %

KRP stock opened at $16.37 on Wednesday. Kimbell Royalty Partners, LP has a 1-year low of $14.26 and a 1-year high of $17.07. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $15.99 and its 200 day moving average is $16.22.

Kimbell Royalty Partners (NYSE:KRP – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported $0.22 earnings per share for the quarter, beating 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 5.72%. The firm had revenue of $83.79 million for the quarter, compared to analysts’ expectations of $80.03 million. During the same quarter last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 24.7% on a year-over-year basis. Sell-side analysts predict that Kimbell Royalty Partners, LP will post 0.68 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.02%. The ex-dividend date of this dividend is Monday, November 18th. Kimbell Royalty Partners’s payout ratio is currently 329.42%.