Aptus Capital Advisors LLC Has $3.22 Million Stake in Kimbell Royalty Partners, LP (NYSE:KRP)

Aptus Capital Advisors LLC grew its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 24.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 196,794 shares of the energy company’s stock after purchasing an additional 39,150 shares during the quarter. Aptus Capital Advisors LLC owned about 0.21% of Kimbell Royalty Partners worth $3,220,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ridgemont Partners Management LLC acquired a new stake in Kimbell Royalty Partners in the 2nd quarter valued at approximately $96,372,000. Mill Road Capital Management LLC increased its position in Kimbell Royalty Partners by 14.8% during the fourth quarter. Mill Road Capital Management LLC now owns 1,885,765 shares of the energy company’s stock worth $28,381,000 after acquiring an additional 243,761 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Kimbell Royalty Partners by 189.5% during 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. Raymond James & Associates raised its stake in Kimbell Royalty Partners by 1.7% during the 2nd quarter. Raymond James & Associates now owns 1,053,892 shares of the energy company’s stock valued at $17,242,000 after purchasing an additional 17,629 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in 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 period. 25.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $15.71, for a total value of $78,550.00. Following the sale, the insider now owns 50,164 shares in the company, valued at approximately $788,076.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

KRP has been the topic of several research reports. Truist Financial boosted their price objective on shares of Kimbell Royalty Partners from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Bank of America reaffirmed an “underperform” rating and issued a $16.00 price target on shares of Kimbell Royalty Partners in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Kimbell Royalty Partners Price Performance

NYSE KRP traded up $0.04 on Friday, reaching $15.98. The company’s stock had a trading volume of 501,499 shares, compared to its average volume of 430,752. Kimbell Royalty Partners, LP has a 52 week low of $14.26 and a 52 week high of $17.11. 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 firm has a market cap of $1.53 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.13. The business has a 50-day moving average price of $16.32 and a 200 day moving average price of $16.11.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). Kimbell Royalty Partners had a net margin of 10.74% and a return on equity of 5.03%. The company had revenue of $76.60 million for the quarter, compared to analyst estimates of $81.19 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. Sell-side analysts expect that Kimbell Royalty Partners, LP will post 0.99 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, August 12th. This represents a $1.68 annualized dividend and a yield of 10.51%. Kimbell Royalty Partners’s dividend payout ratio is currently 280.00%.

Kimbell Royalty Partners Profile