According to Zacks, “Kimbell Royalty Partners, LP owns and acquires mineral and royalty interests in oil and natural gas properties. Kimbell Royalty Partners, LP is based in Fort Worth, Texas. “
KRP has been the topic of several other reports. Wells Fargo & Co dropped their price objective on Kimbell Royalty Partners from $20.00 to $19.00 and set an outperform rating on the stock in a research note on Tuesday, October 15th. TheStreet upgraded Kimbell Royalty Partners from a d+ rating to a c- rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $19.89.
Kimbell Royalty Partners (NYSE:KRP) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.80). Kimbell Royalty Partners had a positive return on equity of 2.83% and a negative net margin of 17.53%. The firm had revenue of $32.98 million during the quarter, compared to the consensus estimate of $29.53 million. Sell-side analysts expect that Kimbell Royalty Partners will post 0.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, November 1st. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 11.76%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is -840.00%.
In related news, Director Brett G. Taylor acquired 2,860 shares of the company’s stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of $14.65 per share, for a total transaction of $41,899.00. Following the purchase, the director now owns 215,027 shares in the company, valued at $3,150,145.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brett G. Taylor bought 3,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of $14.25 per share, for a total transaction of $42,750.00. Following the completion of the purchase, the director now directly owns 215,027 shares in the company, valued at $3,064,134.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 15,160 shares of company stock worth $221,509. Company insiders own 14.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC bought a new stake in shares of Kimbell Royalty Partners during the 2nd quarter worth $162,000. Raymond James Trust N.A. purchased a new stake in Kimbell Royalty Partners in the 2nd quarter worth about $167,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Kimbell Royalty Partners in the 2nd quarter worth about $195,000. Steward Partners Investment Advisory LLC purchased a new stake in Kimbell Royalty Partners in the 2nd quarter worth about $226,000. Finally, Abacus Planning Group Inc. purchased a new stake in Kimbell Royalty Partners in the 3rd quarter worth about $235,000. Institutional investors own 58.95% of the company’s stock.
Kimbell Royalty Partners Company 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, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.
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