U.S. Capital Wealth Advisors LLC Buys 74,098 Shares of Kimbell Royalty Partners, LP (NYSE:KRP)

U.S. Capital Wealth Advisors LLC lifted its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,015 shares of the energy company’s stock after acquiring an additional 74,098 shares during the period. U.S. Capital Wealth Advisors LLC owned approximately 0.28% of Kimbell Royalty Partners worth $4,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRP. Northwestern Mutual Wealth Management Co. increased its holdings in Kimbell Royalty Partners by 98.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock worth $49,000 after purchasing an additional 1,484 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Kimbell Royalty Partners during the fourth quarter worth about $49,000. Godsey & Gibb Inc. grew its holdings in shares of Kimbell Royalty Partners by 62.9% during the third quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock worth $66,000 after buying an additional 1,580 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in Kimbell Royalty Partners in the 3rd quarter valued at approximately $79,000. Finally, Nadler Financial Group Inc. bought a new stake in Kimbell Royalty Partners in the 3rd quarter valued at approximately $165,000. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Partners Stock Performance

Shares of KRP stock opened at $15.39 on Monday. The company has a fifty day moving average price of $15.85 and a two-hundred day moving average price of $15.97. Kimbell Royalty Partners, LP has a one year low of $14.57 and a one year high of $17.07. The stock has a market cap of $1.47 billion, a P/E ratio of 30.17, a P/E/G ratio of 4.17 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20.

Kimbell Royalty Partners (NYSE:KRP) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $83.79 million during the quarter, compared to analysts’ expectations of $80.03 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. Kimbell Royalty Partners’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. As a group, equities analysts predict that Kimbell Royalty Partners, LP will post 0.65 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date was Monday, November 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently 321.57%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KRP shares. Truist Financial lifted their price objective on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. Raymond James boosted their price target on shares of Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, KeyCorp decreased their price objective on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.20.

Insiders Place Their Bets

In related news, insider Blayne Rhynsburger sold 5,000 shares of Kimbell Royalty Partners stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total transaction of $82,050.00. Following the completion of the sale, the insider now owns 45,164 shares of the company’s stock, valued at approximately $741,141.24. The trade was a 9.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.

Kimbell Royalty Partners Profile