Kimbell Royalty Partners LP (NYSE:KRP) Director Brett G. Taylor bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average cost of $14.75 per share, for a total transaction of $22,125.00. Following the completion of the acquisition, the director now owns 215,027 shares of the company’s stock, valued at $3,171,648.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kimbell Royalty Partners stock traded down $0.72 during midday trading on Tuesday, hitting $14.74. 43,300 shares of the company were exchanged, compared to its average volume of 61,678. The firm has a market capitalization of $365.70 million, a PE ratio of -73.70 and a beta of 1.47. Kimbell Royalty Partners LP has a fifty-two week low of $13.01 and a fifty-two week high of $22.50. The business has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $16.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.07 and a current ratio of 7.07.

Kimbell Royalty Partners (NYSE:KRP) last posted its earnings results on Thursday, August 8th. The energy company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.03 by $0.45. The firm had revenue of $31.94 million for the quarter, compared to analyst estimates of $27.75 million. Kimbell Royalty Partners had a positive return on equity of 2.83% and a negative net margin of 17.53%. As a group, equities analysts expect that Kimbell Royalty Partners LP will post 0.83 earnings per share for the current year.

KRP has been the topic of several analyst reports. TheStreet lowered Kimbell Royalty Partners from a “c” rating to a “d+” rating in a report on Friday, August 9th. Stifel Nicolaus lowered Kimbell Royalty Partners from a “buy” rating to a “hold” rating and dropped their target price for the stock from $19.00 to $18.00 in a report on Tuesday, May 28th. Zacks Investment Research raised Kimbell Royalty Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. SunTrust Banks initiated coverage on Kimbell Royalty Partners in a report on Monday, June 17th. They set a “hold” rating and a $19.00 target price on the stock. Finally, Stephens set a $23.00 target price on Kimbell Royalty Partners and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Kimbell Royalty Partners has an average rating of “Buy” and an average price target of $20.63.

A number of hedge funds have recently modified their holdings of the business. Needham Investment Management LLC purchased a new position in Kimbell Royalty Partners during the second quarter worth approximately $162,000. Royal Bank of Canada boosted its position in Kimbell Royalty Partners by 13.7% during the second quarter. Royal Bank of Canada now owns 52,293 shares of the energy company’s stock worth $844,000 after purchasing an additional 6,313 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new position in Kimbell Royalty Partners during the second quarter worth approximately $195,000. Price T Rowe Associates Inc. MD purchased a new position in Kimbell Royalty Partners during the second quarter worth approximately $13,333,000. Finally, Yorktown Energy Partners X L.P. purchased a new position in Kimbell Royalty Partners during the second quarter worth approximately $13,183,000. Institutional investors own 58.95% of the company’s stock.

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, 2018, the company owned mineral and royalty interests in approximately 7.8 million gross acres and overriding royalty interests in approximately 4.4 million gross acres.

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