Parkside Financial Bank & Trust Purchases New Position in Kimbell Royalty Partners, LP (NYSE:KRP)

Parkside Financial Bank & Trust purchased a new stake in Kimbell Royalty Partners, LP (NYSE:KRP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,000 shares of the energy company’s stock, valued at approximately $32,000.

Several other large investors have also recently added to or reduced their stakes in KRP. U.S. Capital Wealth Advisors LLC raised its stake in shares of Kimbell Royalty Partners by 38.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company’s stock valued at $4,334,000 after acquiring an additional 74,098 shares during the last quarter. Stifel Financial Corp increased its holdings in Kimbell Royalty Partners by 3.3% during the 3rd quarter. Stifel Financial Corp now owns 235,945 shares of the energy company’s stock valued at $3,796,000 after purchasing an additional 7,626 shares in the last quarter. Aptus Capital Advisors LLC raised its position in Kimbell Royalty Partners by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company’s stock valued at $3,662,000 after purchasing an additional 30,788 shares during the last quarter. Accordant Advisory Group Inc boosted its stake in Kimbell Royalty Partners by 10.3% in the fourth quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company’s stock worth $3,431,000 after purchasing an additional 19,716 shares in the last quarter. Finally, GraniteShares Advisors LLC boosted its stake in Kimbell Royalty Partners by 7.1% in the fourth quarter. GraniteShares Advisors LLC now owns 151,926 shares of the energy company’s stock worth $2,466,000 after purchasing an additional 10,026 shares in the last quarter. 25.78% of the stock is owned by institutional investors.

Kimbell Royalty Partners Trading Down 6.0 %

KRP stock opened at $14.40 on Tuesday. The business has a fifty day moving average of $15.75 and a 200-day moving average of $15.87. The company has a market cap of $1.38 billion, a P/E ratio of 28.24, a PEG ratio of 4.25 and a beta of 1.08. Kimbell Royalty Partners, LP has a twelve month low of $14.30 and a twelve month 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.

Kimbell Royalty Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, March 18th. This represents a $1.60 dividend on an annualized basis and a yield of 11.11%. Kimbell Royalty Partners’s payout ratio is presently -1,454.55%.

Wall Street Analyst Weigh In

KRP has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday, January 13th. Raymond James reaffirmed a “market perform” rating on shares of Kimbell Royalty Partners in a research note on Monday.

Kimbell Royalty Partners Company Profile