U.S. Capital Wealth Advisors LLC grew its position in shares of Kimbell Royalty Partners, LP (NYSE:KRP - Free Report) by 38.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,015 shares of the energy company's stock after purchasing an additional 74,098 shares during the quarter. U.S. Capital Wealth Advisors LLC owned approximately 0.28% of Kimbell Royalty Partners worth $4,334,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Raymond James & Associates raised its stake in shares of Kimbell Royalty Partners by 6.1% in the third quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company's stock valued at $17,998,000 after acquiring an additional 64,678 shares in the last quarter. Stifel Financial Corp grew its position in Kimbell Royalty Partners by 3.3% in the 3rd quarter. Stifel Financial Corp now owns 235,945 shares of the energy company's stock worth $3,796,000 after purchasing an additional 7,626 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Kimbell Royalty Partners by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company's stock worth $3,662,000 after acquiring an additional 30,788 shares in the last quarter. Accordant Advisory Group Inc lifted its stake in shares of Kimbell Royalty Partners by 10.3% in the fourth quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company's stock worth $3,431,000 after buying an additional 19,716 shares during the last quarter. Finally, AlphaCore Capital LLC boosted its stake in Kimbell Royalty Partners by 0.5% in the 3rd quarter. AlphaCore Capital LLC now owns 147,789 shares of the energy company's stock valued at $2,378,000 after buying an additional 675 shares in the last quarter. Institutional investors own 25.78% of the company's stock.
Kimbell Royalty Partners Price Performance
Shares of NYSE KRP traded down $0.10 during mid-day trading on Thursday, reaching $15.36. The company had a trading volume of 851,072 shares, compared to its average volume of 1,027,986. Kimbell Royalty Partners, LP has a 1-year low of $14.84 and a 1-year high of $17.07. The stock has a market cap of $1.47 billion, a PE ratio of 30.11, a P/E/G ratio of 4.11 and a beta of 1.08. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $15.82 and a two-hundred day moving average price of $15.95.
Kimbell Royalty Partners (NYSE:KRP - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Kimbell Royalty Partners had a net margin of 11.33% and a return on equity of 5.82%. The company had revenue of $83.79 million for the quarter, compared to analyst estimates of $80.03 million. During the same period in the previous year, the firm posted $0.19 EPS. The firm's revenue was up 24.7% on a year-over-year basis. On average, equities analysts anticipate that Kimbell Royalty Partners, LP will post 0.65 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts recently commented on the stock. KeyCorp cut their price objective on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Truist Financial increased their price objective on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Raymond James raised their price objective on Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.20.
Check Out Our Latest Stock Analysis on KRP
Insider Activity
In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.41, for a total value of $82,050.00. Following the completion of the transaction, the insider now directly owns 45,164 shares of the company's stock, valued at approximately $741,141.24. This trade represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.60% of the company's stock.
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