Kimbell Royalty Partners, LP (NYSE:KRP) Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 16.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,300 shares of the energy company’s stock after purchasing an additional 18,700 shares during the quarter. Swiss National Bank’s holdings in Kimbell Royalty Partners were worth $2,196,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KRP. PNC Financial Services Group Inc. acquired a new stake in Kimbell Royalty Partners during the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at $32,000. Jones Financial Companies Lllp boosted its holdings in Kimbell Royalty Partners by 293.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company’s stock valued at $44,000 after purchasing an additional 2,028 shares during the period. Hilltop National Bank acquired a new position in Kimbell Royalty Partners during the 4th quarter worth $49,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Kimbell Royalty Partners by 166.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,000 shares of the energy company’s stock worth $65,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Stock Performance

Shares of Kimbell Royalty Partners stock opened at $14.26 on Friday. 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, LP has a 52 week low of $13.24 and a 52 week high of $17.07. The firm’s 50 day moving average is $14.99 and its two-hundred day moving average is $15.63. The firm has a market capitalization of $1.53 billion, a P/E ratio of 27.96, a P/E/G ratio of 4.25 and a beta of 1.01.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.60 annualized dividend and a yield of 11.22%. Kimbell Royalty Partners’s dividend payout ratio is currently -1,454.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KRP. Raymond James reiterated a “market perform” rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. Royal Bank of Canada upgraded shares of Kimbell Royalty Partners to a “moderate buy” rating in a report on Friday, March 14th. Bank of America reduced their price objective on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating on the stock in a report on Tuesday, March 4th. Finally, Truist Financial downgraded shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.25.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of Kimbell Royalty Partners stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.86, for a total transaction of $108,814.86. Following the transaction, the insider now owns 49,263 shares of the company’s stock, valued at $682,785.18. The trade was a 13.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by corporate insiders.

Kimbell Royalty Partners Profile