Luminus Management LLC Purchases New Holdings in Kimbell Royalty Partners LP (KRP)

Luminus Management LLC purchased a new stake in Kimbell Royalty Partners LP (NYSE:KRP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,297 shares of the energy company’s stock, valued at approximately $359,000. Luminus Management LLC owned approximately 0.07% of Kimbell Royalty Partners as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Trustcore Financial Services LLC raised its holdings in shares of Kimbell Royalty Partners by 462.5% in the 3rd quarter. Trustcore Financial Services LLC now owns 11,250 shares of the energy company’s stock valued at $221,000 after acquiring an additional 9,250 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Kimbell Royalty Partners in the 3rd quarter valued at about $279,000. Raymond James & Associates purchased a new stake in shares of Kimbell Royalty Partners in the 2nd quarter valued at about $381,000. Board of Trustees of The Leland Stanford Junior University purchased a new stake in shares of Kimbell Royalty Partners in the 3rd quarter valued at about $883,000. Finally, BlackRock Inc. purchased a new stake in shares of Kimbell Royalty Partners in the 3rd quarter valued at about $981,000. 35.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kimbell Royalty Partners stock opened at $16.40 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. The stock has a market cap of $496.74 million, a PE ratio of 149.09 and a beta of 1.04. Kimbell Royalty Partners LP has a 12 month low of $15.70 and a 12 month high of $24.50.

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

In other news, Director Erik B. Daugbjerg acquired 7,500 shares of Kimbell Royalty Partners stock in a transaction dated Wednesday, November 28th. The shares were purchased at an average cost of $16.65 per share, for a total transaction of $124,875.00. Following the transaction, the director now owns 13,478 shares of the company’s stock, valued at $224,408.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William H. Adams III acquired 10,000 shares of Kimbell Royalty Partners stock in a transaction dated Monday, November 26th. The shares were purchased at an average price of $16.88 per share, for a total transaction of $168,800.00. Following the completion of the transaction, the director now directly owns 22,654 shares in the company, valued at approximately $382,399.52. The disclosure for this purchase can be found here. Insiders have bought a total of 18,915 shares of company stock worth $317,287 over the last quarter. Corporate insiders own 14.20% of the company’s stock.

KRP has been the topic of several recent research reports. Credit Suisse Group initiated coverage on Kimbell Royalty Partners in a research report on Friday, December 7th. They set a “neutral” rating and a $21.00 price objective on the stock. Zacks Investment Research lowered Kimbell Royalty Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Finally, Stifel Nicolaus lowered Kimbell Royalty Partners from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Friday, November 9th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.60.

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Kimbell Royalty Partners Profile

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.

Read More: Balanced Fund

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Institutional Ownership by Quarter for Kimbell Royalty Partners (NYSE:KRP)

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