Mizuho Begins Coverage on Kimbell Royalty Partners (NYSE:KRP)

Mizuho initiated coverage on shares of Kimbell Royalty Partners (NYSE:KRP - Get Free Report) in a report released on Monday, MarketBeat reports. The firm set a "neutral" rating and a $16.00 price target on the energy company's stock. Mizuho's target price suggests a potential upside of 11.73% from the stock's current price.

Several other research firms have also issued reports on KRP. Truist Financial lowered shares of Kimbell Royalty Partners from a "buy" rating to a "hold" rating and lowered their target price for the stock from $22.00 to $16.00 in a research note on Tuesday, March 4th. Raymond James reissued a "market perform" rating on shares of Kimbell Royalty Partners in a report on Monday, March 3rd. Bank of America decreased their target price on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an "underperform" rating on the stock in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada raised Kimbell Royalty Partners to a "moderate buy" rating in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.80.

Kimbell Royalty Partners Stock Up 0.7 %

KRP traded up $0.10 during trading on Monday, hitting $14.32. The stock had a trading volume of 373,679 shares, compared to its average volume of 552,115. The stock has a 50 day simple moving average of $14.85 and a two-hundred day simple moving average of $15.60. Kimbell Royalty Partners has a twelve month low of $13.24 and a twelve month high of $17.07. The company has a market capitalization of $1.53 billion, a PE ratio of 28.08, a PEG ratio of 4.25 and a beta of 0.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20.

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Insiders Place Their Bets

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total transaction of $108,814.86. Following the completion of the transaction, the insider now directly owns 49,263 shares of the company's stock, valued at $682,785.18. The trade was a 13.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kimbell Royalty Partners

Hedge funds have recently made changes to their positions in the business. TD Waterhouse Canada Inc. raised its stake in Kimbell Royalty Partners by 30.4% during 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 period. Virtus ETF Advisers LLC boosted its holdings in Kimbell Royalty Partners by 10.3% during the fourth quarter. Virtus ETF Advisers LLC now owns 11,053 shares of the energy company's stock valued at $179,000 after acquiring an additional 1,035 shares during the period. Wedbush Securities Inc. increased its position in Kimbell Royalty Partners by 3.4% in the 4th quarter. Wedbush Securities Inc. now owns 38,930 shares of the energy company's stock worth $632,000 after buying an additional 1,298 shares during the period. AlphaCore Capital LLC boosted its holdings in Kimbell Royalty Partners by 0.9% in the 4th quarter. AlphaCore Capital LLC now owns 149,139 shares of the energy company's stock valued at $2,421,000 after purchasing an additional 1,350 shares during the period. Finally, Vident Advisory LLC grew its position in Kimbell Royalty Partners by 6.0% during the fourth quarter. Vident Advisory LLC now owns 30,815 shares of the energy company's stock worth $500,000 after buying an additional 1,747 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company's stock.

Kimbell Royalty Partners Company Profile