Godsey & Gibb Inc. Has $66,000 Stock Holdings in Kimbell Royalty Partners, LP (NYSE:KRP)

Godsey & Gibb Inc. lifted its position in Kimbell Royalty Partners, LP (NYSE:KRP) by 62.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,090 shares of the energy company’s stock after acquiring an additional 1,580 shares during the quarter. Godsey & Gibb Inc.’s holdings in Kimbell Royalty Partners were worth $66,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KRP. EverSource Wealth Advisors LLC bought a new stake in shares of Kimbell Royalty Partners in the 2nd quarter worth $25,000. Summit Securities Group LLC bought a new stake in shares of Kimbell Royalty Partners in the 2nd quarter worth $43,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Kimbell Royalty Partners by 98.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,984 shares of the energy company’s stock worth $49,000 after acquiring an additional 1,484 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Kimbell Royalty Partners in the 2nd quarter worth $99,000. Finally, Bridgewealth Advisory Group LLC bought a new stake in shares of Kimbell Royalty Partners in the 2nd quarter worth $165,000. Institutional investors own 25.78% of the company’s stock.

Insiders Place Their Bets

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $15.71, for a total transaction of $78,550.00. Following the completion of the transaction, the insider now owns 50,164 shares in the company, valued at $788,076.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KRP shares. Truist Financial reduced their target price on shares of 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 reduced their price target on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Kimbell Royalty Partners Price Performance

Shares of NYSE:KRP opened at $16.16 on Monday. The company has a quick ratio of 5.68, a current ratio of 5.68 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.54 billion, a PE ratio of 26.93, a P/E/G ratio of 1.65 and a beta of 1.13. Kimbell Royalty Partners, LP has a twelve month low of $14.26 and a twelve month high of $17.11. The company has a 50-day moving average price of $15.88 and a two-hundred day moving average price of $16.20.

Kimbell Royalty Partners (NYSE:KRP) last issued its earnings results on Thursday, August 1st. The energy company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The business had revenue of $76.60 million for the quarter, compared to the consensus estimate of $81.19 million. Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. Kimbell Royalty Partners’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Equities analysts forecast that Kimbell Royalty Partners, LP will post 0.83 EPS for the current year.

Kimbell Royalty Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were given a dividend of $0.42 per share. The ex-dividend date was Monday, August 12th. This represents a $1.68 dividend on an annualized basis and a yield of 10.40%. Kimbell Royalty Partners’s dividend payout ratio is presently 280.00%.

About Kimbell Royalty Partners