Insider Buying: Kimbell Royalty Partners LP (KRP) Insider Purchases 700 Shares of Stock

Kimbell Royalty Partners LP (NYSE:KRP) insider Jeff Mcinnis purchased 700 shares of Kimbell Royalty Partners stock in a transaction that occurred on Thursday, November 29th. The stock was purchased at an average price of $16.52 per share, with a total value of $11,564.00. Following the transaction, the insider now owns 16,210 shares in the company, valued at approximately $267,789.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:KRP traded down $0.38 during mid-day trading on Thursday, hitting $17.63. The stock had a trading volume of 6,661 shares, compared to its average volume of 82,633. 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 company has a market cap of $545.51 million, a PE ratio of 134.54 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 issued its quarterly earnings results on Thursday, November 8th. The energy company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.29). The firm had revenue of $18.41 million during the quarter, compared to analysts’ expectations of $22.48 million. Kimbell Royalty Partners had a negative net margin of 108.86% and a positive return on equity of 0.23%. On average, equities analysts predict that Kimbell Royalty Partners LP will post 0.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 12th. Investors of record on Monday, November 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.21%. The ex-dividend date was Friday, November 2nd. This is an increase from Kimbell Royalty Partners’s previous quarterly dividend of $0.43. Kimbell Royalty Partners’s dividend payout ratio is 1,384.62%.

Several large investors have recently modified their holdings of KRP. FMR LLC increased its stake in shares of Kimbell Royalty Partners by 21.8% during the 3rd quarter. FMR LLC now owns 1,095,426 shares of the energy company’s stock worth $21,492,000 after purchasing an additional 196,100 shares during the last quarter. Yorktown Energy Partners X L.P. acquired a new position in shares of Kimbell Royalty Partners during the 2nd quarter worth $20,382,000. Wells Fargo & Company MN increased its stake in shares of Kimbell Royalty Partners by 25.1% during the 3rd quarter. Wells Fargo & Company MN now owns 315,204 shares of the energy company’s stock worth $6,185,000 after purchasing an additional 63,242 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Kimbell Royalty Partners by 92.1% during the 3rd quarter. Putnam Investments LLC now owns 261,641 shares of the energy company’s stock worth $5,133,000 after purchasing an additional 125,465 shares during the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of Kimbell Royalty Partners during the 3rd quarter worth $4,905,000. Institutional investors and hedge funds own 35.56% of the company’s stock.

Several equities research analysts recently commented on KRP shares. Stifel Nicolaus downgraded shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Friday, November 9th. Zacks Investment Research downgraded shares of Kimbell Royalty Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Finally, Raymond James upped their price target on shares of 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.

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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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