Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by Carson Advisory Inc.

Carson Advisory Inc. decreased its position in Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,200 shares of the energy company's stock after selling 22,950 shares during the quarter. Carson Advisory Inc.'s holdings in Kimbell Royalty Partners were worth $425,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kimbell Royalty Partners by 11.2% in 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 purchasing an additional 10,176 shares in the last quarter. Verition Fund Management LLC raised its stake in Kimbell Royalty Partners by 34.7% in the third quarter. Verition Fund Management LLC now owns 20,200 shares of the energy company's stock valued at $325,000 after buying an additional 5,200 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Kimbell Royalty Partners by 42.6% during the 3rd quarter. HighTower Advisors LLC now owns 21,423 shares of the energy company's stock worth $345,000 after buying an additional 6,401 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Kimbell Royalty Partners by 3.3% in the 3rd quarter. Stifel Financial Corp now owns 235,945 shares of the energy company's stock valued at $3,796,000 after acquiring an additional 7,626 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Kimbell Royalty Partners by 36.8% during the 3rd quarter. National Bank of Canada FI now owns 17,968 shares of the energy company's stock worth $289,000 after acquiring an additional 4,830 shares in the last quarter. Hedge funds and other institutional investors own 25.78% of the company's stock.

Kimbell Royalty Partners Stock Performance

Shares of NYSE:KRP traded up $0.29 during trading on Friday, reaching $12.55. The company had a trading volume of 451,310 shares, compared to its average volume of 585,803. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. The stock's fifty day moving average price is $13.97 and its 200 day moving average price is $15.27. Kimbell Royalty Partners, LP has a fifty-two week low of $10.98 and a fifty-two week high of $17.07. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 4.25 and a beta of 0.65.

Kimbell Royalty Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 12.75%. The ex-dividend date was Tuesday, March 18th. Kimbell Royalty Partners's payout ratio is -1,454.55%.

Insider Transactions 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 value of $108,814.86. Following the sale, the insider now owns 49,263 shares of the company's stock, valued at approximately $682,785.18. The trade was a 13.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KRP. Mizuho started coverage on Kimbell Royalty Partners in a report on Monday, March 31st. They issued a "neutral" rating and a $16.00 price target for the company. Bank of America reduced their price target on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating for the company in a research report on Tuesday, March 4th. Truist Financial downgraded Kimbell Royalty Partners from a "buy" rating to a "hold" rating and reduced their target price for the company from $22.00 to $16.00 in a report on Tuesday, March 4th. Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd. Finally, Royal Bank of Canada upgraded Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Kimbell Royalty Partners currently has an average rating of "Hold" and a consensus target price of $17.80.

Kimbell Royalty Partners Profile