Kimbell Royalty Partners (NYSE:KRP) Sees Unusually-High Trading Volume – Time to Buy?

Posted by Marion Hillson on Jan 10th, 2025

Kimbell Royalty Partners, LP (NYSE:KRP – Get Free Report) shares saw an uptick in trading volume on Wednesday . 1,384,715 shares changed hands during trading, an increase of 112% from the previous session’s volume of 651,652 shares.The stock last traded at $15.29 and had previously closed at $16.27.

Analyst Ratings Changes

A number of brokerages have recently commented on KRP. Truist Financial lowered their price target on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, September 30th. KeyCorp lowered their price target on Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.40.

View Our Latest Stock Analysis on Kimbell Royalty Partners

Kimbell Royalty Partners Stock Up 1.0 %

The firm has a fifty day simple moving average of $15.98 and a 200-day simple moving average of $16.08. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20.

Kimbell Royalty Partners (NYSE:KRP – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. Kimbell Royalty Partners had a return on equity of 5.82% and a net margin of 11.33%. The business had revenue of $83.79 million during the quarter, compared to the consensus estimate of $80.03 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, sell-side analysts expect that Kimbell Royalty Partners, LP will post 0.69 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date was Monday, November 18th. Kimbell Royalty Partners’s payout ratio is currently 321.57%.

Insider Buying and Selling

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of Kimbell Royalty Partners stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.41, for a total value of $82,050.00. Following the transaction, the insider now owns 45,164 shares in the company, valued at $741,141.24. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.60% of the stock is owned by company insiders.

Institutional Trading of Kimbell Royalty Partners

A number of hedge funds have recently made changes to their positions in the company. Hilltop National Bank acquired a new position in shares of Kimbell Royalty Partners in the fourth quarter worth approximately $49,000. Nordea Investment Management AB lifted its stake in shares of Kimbell Royalty Partners by 1.9% in the fourth quarter. Nordea Investment Management AB now owns 111,669 shares of the energy company’s stock worth $1,801,000 after acquiring an additional 2,066 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Kimbell Royalty Partners by 65.4% in the third quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company’s stock worth $693,000 after acquiring an additional 17,029 shares during the period. Barclays PLC lifted its stake in Kimbell Royalty Partners by 1,175.1% in the third quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock valued at $219,000 after buying an additional 12,538 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in Kimbell Royalty Partners in the third quarter valued at approximately $79,000. 25.78% of the stock is owned by institutional investors and hedge funds.