GSA Capital Partners LLP Has $1.52 Million Stock Holdings in Kimbell Royalty Partners, LP (NYSE:KRP)

GSA Capital Partners LLP raised its holdings in Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 80.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,613 shares of the energy company's stock after acquiring an additional 42,275 shares during the period. GSA Capital Partners LLP owned about 0.10% of Kimbell Royalty Partners worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. National Bank of Canada FI boosted its position in shares of Kimbell Royalty Partners by 5.5% during the second quarter. National Bank of Canada FI now owns 13,138 shares of the energy company's stock worth $217,000 after buying an additional 685 shares during the period. California State Teachers Retirement System raised its holdings in Kimbell Royalty Partners by 1.2% during the first quarter. California State Teachers Retirement System now owns 59,742 shares of the energy company's stock worth $927,000 after acquiring an additional 700 shares in the last quarter. Centaurus Financial Inc. raised its holdings in Kimbell Royalty Partners by 4.7% during the second quarter. Centaurus Financial Inc. now owns 18,315 shares of the energy company's stock worth $300,000 after acquiring an additional 823 shares in the last quarter. Carson Advisory Inc. raised its holdings in Kimbell Royalty Partners by 1.8% during the third quarter. Carson Advisory Inc. now owns 49,150 shares of the energy company's stock worth $791,000 after acquiring an additional 883 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in Kimbell Royalty Partners by 6.6% during the second quarter. Raymond James Trust N.A. now owns 15,696 shares of the energy company's stock worth $257,000 after acquiring an additional 974 shares in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp dropped their target price 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. 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. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.50.

Kimbell Royalty Partners Stock Performance

NYSE:KRP traded down $0.04 on Wednesday, hitting $16.33. The company's stock had a trading volume of 363,243 shares, compared to its average volume of 370,725. The company has a current ratio of 5.20, a quick ratio of 5.68 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $15.99 and a two-hundred day moving average of $16.22. The firm has a market capitalization of $1.56 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. Kimbell Royalty Partners, LP has a one year low of $14.26 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. The company had revenue of $83.79 million for the quarter, compared to analyst estimates of $80.03 million. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The firm's quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. Research analysts predict that Kimbell Royalty Partners, LP will post 0.68 earnings per share for the current year.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date of this dividend is Monday, November 18th. Kimbell Royalty Partners's dividend payout ratio is currently 321.57%.

Kimbell Royalty Partners Profile