Oppenheimer & Co. Inc. Increases Holdings in Kimbell Royalty Partners, LP (NYSE:KRP)

Oppenheimer & Co. Inc. increased its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 107,087 shares of the energy company’s stock after acquiring an additional 10,710 shares during the period. Oppenheimer & Co. Inc.’s holdings in Kimbell Royalty Partners were worth $1,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRP. U.S. Capital Wealth Advisors LLC boosted its stake in Kimbell Royalty Partners by 38.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company’s stock worth $4,334,000 after purchasing an additional 74,098 shares during the period. Stifel Financial Corp lifted its holdings in shares of Kimbell Royalty Partners by 3.3% in the third quarter. Stifel Financial Corp now owns 235,945 shares of the energy company’s stock worth $3,796,000 after buying an additional 7,626 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Kimbell Royalty Partners by 15.6% during 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 during the last quarter. Accordant Advisory Group Inc grew its stake in Kimbell Royalty Partners by 10.3% during the fourth quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company’s stock valued at $3,431,000 after acquiring an additional 19,716 shares in the last quarter. Finally, GraniteShares Advisors LLC increased its holdings in Kimbell Royalty Partners by 7.1% in the 4th quarter. GraniteShares Advisors LLC now owns 151,926 shares of the energy company’s stock valued at $2,466,000 after acquiring an additional 10,026 shares during the last quarter. Institutional investors own 25.78% of the company’s stock.

Kimbell Royalty Partners Price Performance

Kimbell Royalty Partners stock opened at $14.40 on Tuesday. Kimbell Royalty Partners, LP has a 52-week low of $14.30 and a 52-week high of $17.07. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average is $15.75 and its 200 day moving average is $15.87. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 4.25 and a beta of 1.08.

Kimbell Royalty Partners Cuts Dividend

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date is Tuesday, March 18th. Kimbell Royalty Partners’s payout ratio is 321.57%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James reissued a “market perform” rating on shares of Kimbell Royalty Partners in a report on Monday. Truist Financial increased their price target on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 13th.

Kimbell Royalty Partners Profile