2 weeks Ago By ABMN Staff
Wells Fargo & Company MN increased its stake in Kimbell Royalty Partners, LP ( NYSE:KRP – Free Report ) by 141.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,721 shares of the energy company’s stock after acquiring an additional 149,960 shares during the period.
Wells Fargo & Company MN’s holdings in Kimbell Royalty Partners were worth $4,150,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust purchased a new position in shares of Kimbell Royalty Partners in the 4th quarter worth about $32,000.
PNC Financial Services Group Inc. bought a new position in Kimbell Royalty Partners during the fourth quarter valued at approximately $32,000. Jones Financial Companies Lllp raised its stake in shares of Kimbell Royalty Partners by 293.
5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company’s stock worth $44,000 after acquiring an additional 2,028 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Kimbell Royalty Partners in the 4th quarter worth approximately $49,000.
Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Kimbell Royalty Partners in the 4th quarter valued at $55,000. Institutional investors own 25.
78% of the company’s stock. Kimbell Royalty Partners Stock Performance Kimbell Royalty Partners stock opened at $12.15 on Tuesday.
The stock’s 50 day moving average is $13.85 and its 200 day moving average is $15.21.
The company has a market capitalization of $1.30 billion, a P/E ratio of 23.82, a PEG ratio of 4.
25 and a beta of 0.65. Kimbell Royalty Partners, LP has a twelve month low of $10.
98 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 Wall Street Analyst Weigh In Several research firms have issued reports on KRP. Raymond James restated a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Royal Bank of Canada raised Kimbell Royalty Partners to a “moderate buy” rating in a research note on Friday, March 14th.
Mizuho assumed coverage on shares of Kimbell Royalty Partners in a research note on Monday, March 31st. They issued a “neutral” rating and a $16.00 target price on the stock.
Truist Financial cut shares of Kimbell Royalty Partners from a “buy” rating to a “hold” rating and dropped their price target for the company from $22.00 to $16.00 in a research report on Tuesday, March 4th.
Finally, Bank of America dropped their target price on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating for the company in a report on Tuesday, March 4th.
One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Kimbell Royalty Partners currently has an average rating of “Hold” and an average price target of $17.
40. Read Our Latest Research Report on KRP Insider Activity at Kimbell Royalty Partners In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 7,851 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $13.
86, for a total transaction of $108,814.86. Following the transaction, the insider now owns 49,263 shares in the company, valued at approximately $682,785.
18. This represents a 13.75 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 5.60% of the stock is currently owned by insiders.
Kimbell Royalty Partners Company Profile ( Free Report ) See Also Want to see what other hedge funds are holding KRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimbell Royalty Partners, LP ( NYSE:KRP – Free Report ). Receive News & Ratings for Kimbell Royalty Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimbell Royalty Partners and related companies with MarketBeat.
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