Kimbell Royalty Partners LP (NYSE:KRP) Director Erik B. Daugbjerg purchased 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was acquired at an average price of $22.52 per share, for a total transaction of $33,780.00. Following the acquisition, the director now directly owns 4,978 shares of the company’s stock, valued at approximately $112,104.56. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of KRP traded down $0.19 during mid-day trading on Tuesday, reaching $22.47. 56,900 shares of the stock traded hands, compared to its average volume of 27,588. The firm has a market capitalization of $608.17 million, a P/E ratio of 174.31 and a beta of 1.84. Kimbell Royalty Partners LP has a 12-month low of $15.51 and a 12-month high of $24.50. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.22.

Kimbell Royalty Partners (NYSE:KRP) last posted its quarterly earnings data on Thursday, August 9th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $10.71 million for the quarter, compared to analysts’ expectations of $10.95 million. Kimbell Royalty Partners had a negative net margin of 126.81% and a positive return on equity of 1.93%. equities analysts expect that Kimbell Royalty Partners LP will post 0.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Monday, August 6th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, August 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.65%. This is a positive change from Kimbell Royalty Partners’s previous quarterly dividend of $0.42. Kimbell Royalty Partners’s dividend payout ratio (DPR) is currently 1,323.08%.

Several institutional investors and hedge funds have recently bought and sold shares of KRP. Renaissance Technologies LLC purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter valued at approximately $261,000. Deutsche Bank AG raised its stake in shares of Kimbell Royalty Partners by 1,034.7% during the fourth quarter. Deutsche Bank AG now owns 16,215 shares of the energy company’s stock valued at $262,000 after purchasing an additional 14,786 shares during the period. Hollow Brook Wealth Management LLC raised its stake in shares of Kimbell Royalty Partners by 74.8% during the first quarter. Hollow Brook Wealth Management LLC now owns 19,860 shares of the energy company’s stock valued at $377,000 after purchasing an additional 8,500 shares during the period. Raymond James & Associates purchased a new stake in shares of Kimbell Royalty Partners during the second quarter valued at approximately $381,000. Finally, SG Capital Management LLC purchased a new stake in shares of Kimbell Royalty Partners during the second quarter valued at approximately $1,366,000. Institutional investors own 17.39% of the company’s stock.

KRP has been the topic of several research reports. Stifel Nicolaus set a $25.00 price target on shares of Kimbell Royalty Partners and gave the company a “buy” rating in a report on Monday, June 4th. Zacks Investment Research lowered shares of Kimbell Royalty Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Finally, Imperial Capital lifted their price objective on shares of Kimbell Royalty Partners from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, May 30th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $25.00.

Kimbell Royalty Partners Company Profile

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2017, the company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 2 million gross acres.

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