Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by TSP Capital Management Group LLC

TSP Capital Management Group LLC lessened its position in shares of Kimbell Royalty Partners, LP (NYSE:KRP) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,850 shares of the energy company’s stock after selling 1,000 shares during the period. TSP Capital Management Group LLC owned about 0.07% of Kimbell Royalty Partners worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRP. Hilltop National Bank acquired a new position in Kimbell Royalty Partners during the 4th quarter worth approximately $49,000. Godsey & Gibb Inc. grew its holdings in Kimbell Royalty Partners by 62.9% during the 3rd quarter. Godsey & Gibb Inc. now owns 4,090 shares of the energy company’s stock worth $66,000 after acquiring an additional 1,580 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in Kimbell Royalty Partners during the 3rd quarter worth approximately $79,000. Nadler Financial Group Inc. acquired a new position in Kimbell Royalty Partners during the 3rd quarter worth approximately $165,000. Finally, Barclays PLC grew its holdings 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 acquiring an additional 12,538 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Analyst Ratings Changes

KRP has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Raymond James boosted 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. One 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, Kimbell Royalty Partners currently has an average rating of “Moderate Buy” and an average price target of $21.20.

Kimbell Royalty Partners Stock Up 0.5 %

Shares of NYSE:KRP opened at $15.48 on Friday. The company has a market capitalization of $1.48 billion, a PE ratio of 30.34, a P/E/G ratio of 4.10 and a beta of 1.08. 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 twelve month low of $14.95 and a twelve month high of $17.07. The firm has a 50 day simple moving average of $15.76 and a 200-day simple moving average of $15.90.

Kimbell Royalty Partners Profile