Kimbell Royalty Partners, LP (NYSE:KRP) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its stake in Kimbell Royalty Partners, LP (NYSE:KRP) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,119 shares of the energy company’s stock after buying an additional 2,200 shares during the period. King Luther Capital Management Corp owned 0.46% of Kimbell Royalty Partners worth $7,192,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KRP. PNC Financial Services Group Inc. bought a new position in shares of Kimbell Royalty Partners during the fourth quarter worth about $32,000. Parkside Financial Bank & Trust bought a new position in Kimbell Royalty Partners in the 4th quarter worth about $32,000. Jones Financial Companies Lllp grew its position in Kimbell Royalty Partners by 293.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,719 shares of the energy company’s stock worth $44,000 after purchasing an additional 2,028 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of Kimbell Royalty Partners in the fourth quarter valued at approximately $49,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Kimbell Royalty Partners during the third quarter valued at approximately $79,000. 25.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on KRP shares. Truist Financial cut Kimbell Royalty Partners from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $16.00 in a research report on Tuesday, March 4th. Bank of America decreased their price target on Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating for the company in a research note on Tuesday, March 4th. Finally, Raymond James restated a “market perform” rating on shares of Kimbell Royalty Partners in a research note on Monday, March 3rd.

Kimbell Royalty Partners Price Performance

Shares of NYSE:KRP opened at $13.66 on Wednesday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 4.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.20 and a quick ratio of 5.20. Kimbell Royalty Partners, LP has a 12 month low of $13.24 and a 12 month high of $17.07. The stock’s 50 day moving average price is $15.50 and its 200 day moving average price is $15.78.

Kimbell Royalty Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $1.60 annualized dividend and a dividend yield of 11.71%. Kimbell Royalty Partners’s dividend payout ratio (DPR) is -1,454.55%.

Kimbell Royalty Partners Company Profile