Aptus Capital Advisors LLC increased its holdings in Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 15.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,582 shares of the energy company's stock after purchasing an additional 30,788 shares during the quarter. Aptus Capital Advisors LLC owned 0.24% of Kimbell Royalty Partners worth $3,662,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC raised its holdings in Kimbell Royalty Partners by 16.8% during the 1st quarter. Freestone Capital Holdings LLC now owns 286,128 shares of the energy company's stock worth $4,441,000 after buying an additional 41,134 shares during the period. Energy Income Partners LLC lifted its holdings in shares of Kimbell Royalty Partners by 32.5% in the first quarter. Energy Income Partners LLC now owns 170,098 shares of the energy company's stock valued at $2,640,000 after purchasing an additional 41,725 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Kimbell Royalty Partners by 1.2% in the first quarter. California State Teachers Retirement System now owns 59,742 shares of the energy company's stock worth $927,000 after buying an additional 700 shares during the period. Ridgemont Partners Management LLC acquired a new position in Kimbell Royalty Partners during the second quarter valued at $96,372,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Kimbell Royalty Partners in the 2nd quarter worth about $1,032,000. 25.78% of the stock is currently owned by institutional investors.
Kimbell Royalty Partners Stock Up 0.1 %
KRP stock traded up $0.01 during mid-day trading on Thursday, reaching $16.34. The company had a trading volume of 529,753 shares, compared to its average volume of 371,445. Kimbell Royalty Partners, LP has a 52 week low of $14.26 and a 52 week high of $17.07. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 2.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.68. The stock has a 50 day simple moving average of $16.01 and a two-hundred day simple moving average of $16.22.
Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The firm had revenue of $83.79 million during the quarter, compared to analysts' expectations of $80.03 million. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The company's revenue for the quarter was up 24.7% compared to the same quarter last year. 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 0.68 earnings per share for the current fiscal year.
Kimbell Royalty Partners Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be paid a $0.41 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.64 annualized dividend and a yield of 10.04%. Kimbell Royalty Partners's dividend payout ratio (DPR) is presently 321.57%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Truist Financial dropped their target price on Kimbell Royalty Partners from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, September 30th. KeyCorp reduced their price objective on Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Kimbell Royalty Partners has a consensus rating of "Moderate Buy" and an average price target of $20.50.
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