45,000 Shares in Kimbell Royalty Partners LP (KRP) Purchased by Board of Trustees of The Leland Stanford Junior University

Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Kimbell Royalty Partners LP (NYSE:KRP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,000 shares of the energy company’s stock, valued at approximately $883,000. Kimbell Royalty Partners makes up about 0.1% of Board of Trustees of The Leland Stanford Junior University’s investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Kimbell Royalty Partners by 21.8% during the third quarter. FMR LLC now owns 1,095,426 shares of the energy company’s stock valued at $21,492,000 after buying an additional 196,100 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Kimbell Royalty Partners during the third quarter valued at $981,000. Trustcore Financial Services LLC boosted its position in shares of 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 valued at $221,000 after buying an additional 9,250 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Kimbell Royalty Partners by 25.1% during the third quarter. Wells Fargo & Company MN now owns 315,204 shares of the energy company’s stock valued at $6,185,000 after buying an additional 63,242 shares during the last quarter. Finally, Yorktown Energy Partners X L.P. purchased a new stake in shares of Kimbell Royalty Partners during the second quarter valued at $20,382,000. Institutional investors and hedge funds own 18.39% of the company’s stock.

KRP has been the topic of several recent analyst reports. Zacks Investment Research raised Kimbell Royalty Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price objective (down from $25.00) on shares of Kimbell Royalty Partners in a research report on Friday, August 10th. Finally, Raymond James increased their price objective on Kimbell Royalty Partners from $29.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 16th.

Kimbell Royalty Partners stock opened at $16.95 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 one year low of $15.70 and a one year high of $24.50. The firm has a market cap of $513.40 million, a P/E ratio of 154.09 and a beta of 1.10.

Kimbell Royalty Partners (NYSE:KRP) last released 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). Kimbell Royalty Partners had a negative net margin of 108.86% and a positive return on equity of 0.23%. The business had revenue of $18.41 million for the quarter, compared to analysts’ expectations of $22.48 million. As a group, equities analysts anticipate that Kimbell Royalty Partners LP will post 0.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 12th. Investors of record on Monday, November 5th were given a dividend of $0.45 per share. The ex-dividend date was Friday, November 2nd. This is a boost from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 10.62%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is 1,384.62%.

In other news, Director Erik B. Daugbjerg bought 1,500 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were acquired at an average cost of $22.52 per share, with a total value of $33,780.00. Following the completion of the transaction, the director now owns 4,978 shares of the company’s stock, valued at approximately $112,104.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Erik B. Daugbjerg bought 2,500 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was purchased at an average cost of $22.14 per share, for a total transaction of $55,350.00. Following the completion of the transaction, the director now directly owns 7,978 shares of the company’s stock, valued at approximately $176,632.92. The disclosure for this purchase can be found here. Insiders have purchased 4,500 shares of company stock worth $99,910 over the last ninety days. 14.20% of the stock is currently owned by insiders.

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

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