Oppenheimer & Co. Inc. Raises Stock Position in Kimbell Royalty Partners, LP (NYSE:KRP)

Oppenheimer & Co. Inc. boosted its stake in Kimbell Royalty Partners, LP (NYSE:KRP) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,087 shares of the energy company’s stock after purchasing an additional 10,710 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.11% of Kimbell Royalty Partners worth $1,738,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Kimbell Royalty Partners by 38.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 267,015 shares of the energy company’s stock worth $4,334,000 after acquiring an additional 74,098 shares during the period. Stifel Financial Corp boosted its position in Kimbell Royalty Partners by 3.3% in the third quarter. Stifel Financial Corp now owns 235,945 shares of the energy company’s stock worth $3,796,000 after purchasing an additional 7,626 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in Kimbell Royalty Partners by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company’s stock worth $3,662,000 after purchasing an additional 30,788 shares during the last quarter. Accordant Advisory Group Inc grew its stake in shares of Kimbell Royalty Partners by 10.3% during the 4th quarter. Accordant Advisory Group Inc now owns 211,422 shares of the energy company’s stock valued at $3,431,000 after purchasing an additional 19,716 shares during the period. Finally, GraniteShares Advisors LLC increased its position in shares of Kimbell Royalty Partners by 7.1% during the 4th quarter. GraniteShares Advisors LLC now owns 151,926 shares of the energy company’s stock valued at $2,466,000 after purchasing an additional 10,026 shares during the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KRP shares. Raymond James reissued a “market perform” rating on shares of Kimbell Royalty Partners in a report on Monday. Truist Financial lifted their price target on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 13th.

Kimbell Royalty Partners Stock Down 6.0 %

KRP stock opened at $14.40 on Tuesday. The business’s 50-day moving average price is $15.75 and its 200-day moving average price is $15.87. The stock has a market cap of $1.38 billion, a P/E ratio of 28.24, a PEG ratio of 4.25 and a beta of 1.08. 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, LP has a twelve month low of $14.30 and a twelve month high of $17.07.

Kimbell Royalty Partners Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.11%. The ex-dividend date is Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio is currently 321.57%.

Kimbell Royalty Partners Company Profile