First Financial Bankshares Inc Has $3.08 Million Stock Position in Kimbell Royalty $KRP

First Financial Bankshares Inc increased its position in shares of Kimbell Royalty (NYSE:KRP) by 1,171.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,922 shares of the energy company’s stock after purchasing an additional 209,989 shares during the period. First Financial Bankshares Inc owned about 0.21% of Kimbell Royalty worth $3,075,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KRP. Cubist Systematic Strategies LLC acquired a new position in Kimbell Royalty in the second quarter worth about $5,445,000. American Century Companies Inc. lifted its holdings in Kimbell Royalty by 9.0% during the 2nd quarter. American Century Companies Inc. now owns 2,770,741 shares of the energy company’s stock valued at $38,680,000 after purchasing an additional 228,379 shares during the last quarter. Mirador Capital Partners LP boosted its position in Kimbell Royalty by 279.5% in the third quarter. Mirador Capital Partners LP now owns 238,266 shares of the energy company’s stock valued at $3,214,000 after buying an additional 175,480 shares in the last quarter. HRT Financial LP bought a new stake in Kimbell Royalty during the second quarter worth about $1,737,000. Finally, Freestone Capital Holdings LLC acquired a new stake in shares of Kimbell Royalty during the second quarter worth approximately $1,396,000. Institutional investors and hedge funds own 25.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KRP. Citigroup decreased their price target on Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Weiss Ratings upgraded Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Wall Street Zen upgraded shares of Kimbell Royalty from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Finally, Mizuho raised their price objective on shares of Kimbell Royalty from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kimbell Royalty has an average rating of “Hold” and an average target price of $15.80.

Kimbell Royalty Trading Down 1.4%

NYSE KRP opened at $14.14 on Tuesday. Kimbell Royalty has a 12 month low of $10.98 and a 12 month high of $16.14. The stock has a 50-day simple moving average of $12.71 and a 200 day simple moving average of $13.13. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.53 billion, a PE ratio of -202.04, a P/E/G ratio of 4.41 and a beta of 0.34.

About Kimbell Royalty

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.