International Assets Investment Management LLC Has $1.57 Million Position in Kimbell Royalty Partners, LP (NYSE:KRP)

International Assets Investment Management LLC increased its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 1,509.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,747 shares of the energy company's stock after purchasing an additional 91,672 shares during the quarter. International Assets Investment Management LLC owned 0.10% of Kimbell Royalty Partners worth $1,573,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in Kimbell Royalty Partners in the 2nd quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Kimbell Royalty Partners in the 2nd quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Kimbell Royalty Partners by 98.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company's stock worth $49,000 after acquiring an additional 1,484 shares in the last quarter. Godsey & Gibb Inc. grew its holdings in shares of Kimbell Royalty Partners by 62.9% in the 3rd quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company's stock worth $66,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Bridgewealth Advisory Group LLC acquired a new stake in shares of Kimbell Royalty Partners during the second quarter worth $165,000. Institutional investors and hedge funds own 25.78% of the company's stock.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $15.71, for a total transaction of $78,550.00. Following the completion of the sale, the insider now owns 50,164 shares of the company's stock, valued at $788,076.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KRP shares. Truist Financial dropped their price target on Kimbell Royalty Partners from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. KeyCorp cut their price target on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kimbell Royalty Partners has a consensus rating of "Moderate Buy" and a consensus target price of $20.50.

Kimbell Royalty Partners Stock Up 0.2 %

Shares of Kimbell Royalty Partners stock traded up $0.03 on Monday, hitting $16.02. 390,558 shares of the company traded hands, compared to its average volume of 364,919. Kimbell Royalty Partners, LP has a 12-month low of $14.26 and a 12-month high of $17.07. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.53 billion, a PE ratio of 33.38, a PEG ratio of 2.00 and a beta of 1.13. The company has a 50-day moving average price of $15.92 and a 200 day moving average price of $16.19.

Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last posted its earnings results on Thursday, August 1st. The energy company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). The business had revenue of $76.60 million during the quarter, compared to the consensus estimate of $81.19 million. Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. The business's revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Sell-side analysts predict that Kimbell Royalty Partners, LP will post 0.68 earnings per share for the current year.

Kimbell Royalty Partners Company Profile