Accordant Advisory Group Inc Has $3.43 Million Stake in Kimbell Royalty Partners, LP (NYSE:KRP)

Accordant Advisory Group Inc raised its stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 211,422 shares of the energy company's stock after purchasing an additional 19,716 shares during the quarter. Kimbell Royalty Partners accounts for about 3.3% of Accordant Advisory Group Inc's investment portfolio, making the stock its 9th biggest position. Accordant Advisory Group Inc owned about 0.22% of Kimbell Royalty Partners worth $3,431,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in Kimbell Royalty Partners by 1,509.0% during the third quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company's stock worth $1,573,000 after buying an additional 91,672 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kimbell Royalty Partners by 11.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,134 shares of the energy company's stock valued at $1,627,000 after acquiring an additional 10,176 shares in the last quarter. Barclays PLC increased its stake in Kimbell Royalty Partners by 1,175.1% in the third quarter. Barclays PLC now owns 13,605 shares of the energy company's stock valued at $219,000 after acquiring an additional 12,538 shares during the period. JPMorgan Chase & Co. increased its stake in Kimbell Royalty Partners by 65.4% in the third quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company's stock valued at $693,000 after acquiring an additional 17,029 shares during the period. Finally, HighTower Advisors LLC raised its position in Kimbell Royalty Partners by 42.6% in the third quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company's stock worth $345,000 after purchasing an additional 6,401 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

Insider Activity

In other news, insider Blayne Rhynsburger sold 5,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total value of $82,050.00. Following the transaction, the insider now owns 45,164 shares of the company's stock, valued at approximately $741,141.24. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KRP shares. KeyCorp lowered their price objective on Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Truist Financial increased their price objective on Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, Raymond James boosted their target price on shares of Kimbell Royalty Partners from $19.00 to $23.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.20.

Kimbell Royalty Partners Price Performance

Shares of Kimbell Royalty Partners stock traded down $0.22 during trading on Friday, reaching $15.39. The company's stock had a trading volume of 736,036 shares, compared to its average volume of 1,021,432. The stock has a 50-day moving average price of $15.85 and a two-hundred day moving average price of $15.97. The stock has a market capitalization of $1.47 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 4.17 and a beta of 1.10. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. Kimbell Royalty Partners, LP has a one year low of $14.57 and a one year high of $17.07.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last announced its earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The company had revenue of $83.79 million during the quarter, compared to the consensus estimate of $80.03 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The company's revenue was up 24.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimbell Royalty Partners, LP will post 0.65 EPS for the current fiscal year.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.41 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.64 dividend on an annualized basis and a yield of 10.66%. Kimbell Royalty Partners's payout ratio is 321.57%.

Kimbell Royalty Partners Company Profile