Kimbell Royalty Partners’ (KRP) Market Perform Rating Reiterated at Raymond James

Raymond James reissued their market perform rating on shares of Kimbell Royalty Partners (NYSE:KRP) in a research note issued to investors on Monday morning, Marketbeat Ratings reports.

Separately, Truist Financial lifted their price objective on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 13th.

Kimbell Royalty Partners Stock Down 0.8 %

Shares of Kimbell Royalty Partners stock opened at $13.73 on Monday. The firm’s 50 day moving average price is $15.68 and its 200-day moving average price is $15.85. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. Kimbell Royalty Partners has a 52-week low of $13.53 and a 52-week high of $17.07. The company has a market cap of $1.31 billion, a P/E ratio of 26.92, a PEG ratio of 4.25 and a beta of 1.08.

Kimbell Royalty Partners Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.66%. The ex-dividend date is Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio is presently -1,454.55%.

Institutional Trading of Kimbell Royalty Partners

Several large investors have recently bought and sold shares of KRP. Raymond James Financial Inc. purchased a new stake in Kimbell Royalty Partners during the 4th quarter worth approximately $30,449,000. Orvieto Partners L.P. purchased a new stake in Kimbell Royalty Partners during the 4th quarter worth approximately $6,103,000. American Century Companies Inc. grew its position in Kimbell Royalty Partners by 15.4% during the 4th quarter. American Century Companies Inc. now owns 2,208,353 shares of the energy company’s stock worth $35,842,000 after purchasing an additional 294,789 shares during the last quarter. Marshall Wace LLP acquired a new stake in Kimbell Royalty Partners during the 4th quarter valued at approximately $3,151,000. Finally, Barclays PLC lifted its stake in Kimbell Royalty Partners by 1,279.4% during the 4th quarter. Barclays PLC now owns 187,671 shares of the energy company’s stock valued at $3,046,000 after acquiring an additional 174,066 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Company Profile