Erik B. Daugbjerg Buys 7,500 Shares of Kimbell Royalty Partners LP (KRP) Stock

Kimbell Royalty Partners LP (NYSE:KRP) Director Erik B. Daugbjerg acquired 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was acquired at an average price of $16.65 per share, for a total transaction of $124,875.00. Following the completion of the acquisition, the director now directly owns 13,478 shares of the company’s stock, valued at approximately $224,408.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE:KRP opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 5.50 and a current ratio of 5.50. Kimbell Royalty Partners LP has a 52 week low of $15.70 and a 52 week high of $24.50. The firm has a market cap of $510.07 million, a price-to-earnings ratio of 140.77 and a beta of 1.10.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings results on Thursday, November 8th. The energy company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.29). Kimbell Royalty Partners had a positive return on equity of 0.23% and a negative net margin of 108.86%. The firm had revenue of $18.41 million for the quarter, compared to analyst estimates of $22.48 million. As a group, analysts anticipate that Kimbell Royalty Partners LP will post 0.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 12th. Shareholders of record on Monday, November 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.84%. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, November 2nd. Kimbell Royalty Partners’s dividend payout ratio is 1,384.62%.

A number of large investors have recently added to or reduced their stakes in KRP. Trustcore Financial Services LLC lifted its stake in Kimbell Royalty Partners by 462.5% during the third quarter. Trustcore Financial Services LLC now owns 11,250 shares of the energy company’s stock worth $221,000 after purchasing an additional 9,250 shares in the last quarter. Virtu Financial LLC acquired a new position in Kimbell Royalty Partners during the third quarter worth $279,000. Luminus Management LLC acquired a new position in Kimbell Royalty Partners during the third quarter worth $359,000. Raymond James & Associates acquired a new position in Kimbell Royalty Partners during the second quarter worth $381,000. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new position in Kimbell Royalty Partners during the third quarter worth $883,000. Institutional investors own 18.39% of the company’s stock.

A number of research analysts recently commented on KRP shares. Stifel Nicolaus cut Kimbell Royalty Partners from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a report on Friday, November 9th. Zacks Investment Research cut Kimbell Royalty Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Finally, Raymond James upped their price objective on Kimbell Royalty Partners from $29.00 to $30.00 and gave the company a “strong-buy” rating in a report on Thursday, August 16th.

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About Kimbell Royalty Partners

Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2017, the company owned mineral and royalty interests in approximately 3.7 million gross acres and overriding royalty interests in approximately 2 million gross acres.

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