Kimbell Royalty Partners (NYSE:KRP - Get Free Report) was downgraded by research analysts at Truist Financial from a "buy" rating to a "hold" rating in a report issued on Tuesday, Marketbeat.com reports. They presently have a $16.00 target price on the energy company's stock, down from their previous target price of $22.00. Truist Financial's target price would indicate a potential upside of 18.39% from the company's current price.
Separately, Raymond James reissued a "market perform" rating on shares of Kimbell Royalty Partners in a research note on Monday.
View Our Latest Research Report on Kimbell Royalty Partners
Kimbell Royalty Partners Price Performance
Shares of NYSE KRP traded up $0.17 during mid-day trading on Tuesday, reaching $13.52. The company's stock had a trading volume of 909,919 shares, compared to its average volume of 1,085,639. The stock has a 50-day moving average of $15.59 and a two-hundred day moving average of $15.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20. The stock has a market capitalization of $1.29 billion, a P/E ratio of 26.50, a P/E/G ratio of 4.25 and a beta of 1.08. Kimbell Royalty Partners has a 1-year low of $13.24 and a 1-year high of $17.07.
Institutional Trading of Kimbell Royalty Partners
Several hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC lifted its holdings in Kimbell Royalty Partners by 0.5% in the third quarter. AlphaCore Capital LLC now owns 147,789 shares of the energy company's stock valued at $2,378,000 after acquiring an additional 675 shares during the last quarter. Carson Advisory Inc. raised its position in Kimbell Royalty Partners by 1.8% in the third quarter. Carson Advisory Inc. now owns 49,150 shares of the energy company's stock valued at $791,000 after purchasing an additional 883 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Kimbell Royalty Partners by 30.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,287 shares of the energy company's stock valued at $70,000 after purchasing an additional 1,000 shares during the last quarter. Virtus ETF Advisers LLC grew its holdings in shares of Kimbell Royalty Partners by 10.3% during the 4th quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company's stock worth $179,000 after purchasing an additional 1,035 shares during the period. Finally, Wedbush Securities Inc. increased its position in shares of Kimbell Royalty Partners by 3.4% during the 4th quarter. Wedbush Securities Inc. now owns 38,930 shares of the energy company's stock worth $632,000 after purchasing an additional 1,298 shares during the last quarter. Hedge funds and other institutional investors own 25.78% of the company's stock.
Kimbell Royalty Partners Company Profile
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