Kimbell Royalty Partners (NYSE:KRP) Reaches New 12-Month Low - Time to Sell?

Shares of Kimbell Royalty Partners, LP (NYSE:KRP - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $14.93 and last traded at $15.08, with a volume of 134983 shares. The stock had previously closed at $15.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KRP shares. Truist Financial downgraded shares of Kimbell Royalty Partners from a "buy" rating to a "hold" rating and cut their target price for the stock from $22.00 to $16.00 in a research report on Tuesday. Bank of America cut their target price 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. Finally, Raymond James restated a "market perform" rating on shares of Kimbell Royalty Partners in a report on Monday.

Kimbell Royalty Partners Stock Down 4.0 %

The firm has a market cap of $1.32 billion, a P/E ratio of 27.15, a P/E/G ratio of 4.25 and a beta of 1.08. The business's fifty day moving average price is $15.72 and its two-hundred day moving average price is $15.86. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.56%. Kimbell Royalty Partners's dividend payout ratio is currently -1,454.55%.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC raised its holdings in Kimbell Royalty Partners by 1,509.0% in the 3rd quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company's stock worth $1,573,000 after acquiring an additional 91,672 shares during the period. Accordant Advisory Group Inc raised its holdings in Kimbell Royalty Partners by 10.3% in the 4th quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company's stock worth $3,431,000 after acquiring an additional 19,716 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in Kimbell Royalty Partners by 38.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company's stock worth $4,334,000 after acquiring an additional 74,098 shares during the period. JPMorgan Chase & Co. raised its holdings in Kimbell Royalty Partners by 65.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company's stock worth $693,000 after acquiring an additional 17,029 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 worth $1,627,000 after acquiring an additional 10,176 shares during the period. Institutional investors own 25.78% of the company's stock.

Kimbell Royalty Partners Company Profile