Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its holdings in Kimbell Royalty Partners, LP (NYSE:KRP) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,665 shares of the energy company’s stock after selling 4,398 shares during the quarter. Stephens Inc. AR owned 0.06% of Kimbell Royalty Partners worth $920,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in Kimbell Royalty Partners by 1,509.0% in the third quarter. International Assets Investment Management LLC now owns 97,747 shares of the energy company’s stock worth $1,573,000 after buying an additional 91,672 shares during the last quarter. Accordant Advisory Group Inc grew its position in Kimbell Royalty Partners by 10.3% during the 4th 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kimbell Royalty Partners by 11.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,134 shares of the energy company’s stock worth $1,627,000 after purchasing an additional 10,176 shares in the last quarter. JPMorgan Chase & Co. grew its position in Kimbell Royalty Partners by 65.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company’s stock worth $693,000 after purchasing an additional 17,029 shares in the last quarter. Finally, Barclays PLC grew its position in Kimbell Royalty Partners by 1,175.1% during the 3rd quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock worth $219,000 after purchasing an additional 12,538 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Raymond James lifted their price objective on shares of Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kimbell Royalty Partners currently has a consensus rating of “Moderate Buy” and an average price target of $21.20.

Kimbell Royalty Partners Stock Up 0.5 %

KRP stock opened at $15.48 on Friday. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. Kimbell Royalty Partners, LP has a 1 year low of $14.95 and a 1 year high of $17.07. The company has a fifty day simple moving average of $15.76 and a 200 day simple moving average of $15.90. The firm has a market cap of $1.48 billion, a PE ratio of 30.34, a PEG ratio of 4.10 and a beta of 1.08.

Kimbell Royalty Partners Company Profile