Kimbell Royalty Partners, LP (NYSE:KRP) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 443,119 shares of the energy company’s stock after buying an additional 2,200 shares during the quarter. King Luther Capital Management Corp’s holdings in Kimbell Royalty Partners were worth $7,192,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Parkside Financial Bank & Trust bought a new stake in shares of Kimbell Royalty Partners during the 4th quarter worth $32,000. PNC Financial Services Group Inc. purchased a new stake in shares of Kimbell Royalty Partners during the fourth quarter valued at $32,000. Jones Financial Companies Lllp boosted its position in shares of Kimbell Royalty Partners by 293.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company’s stock valued at $44,000 after purchasing an additional 2,028 shares during the period. Hilltop National Bank purchased a new position in Kimbell Royalty Partners in the 4th quarter worth about $49,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Kimbell Royalty Partners during the 3rd quarter worth about $79,000. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Stock Performance

Shares of NYSE KRP opened at $13.66 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. Kimbell Royalty Partners, LP has a one year low of $13.24 and a one year high of $17.07. The business’s 50-day moving average price is $15.50 and its two-hundred day moving average price is $15.78. The company has a market capitalization of $1.46 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 4.25 and a beta of 1.01.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $1.60 dividend on an annualized basis and a yield of 11.71%. Kimbell Royalty Partners’s dividend payout ratio is currently -1,454.55%.

Analyst Ratings Changes

KRP has been the topic of several analyst reports. Truist Financial downgraded shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $16.00 in a research report on Tuesday, March 4th. Raymond James reissued a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Finally, Bank of America lowered their price objective on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 4th.

Kimbell Royalty Partners Company Profile