Kimbell Royalty Partners, LP (NYSE:KRP) Shares Sold by Ridgemont Partners Management LLC

Posted by Shane Hupp on Mar 25th, 2025

Ridgemont Partners Management LLC reduced its holdings in Kimbell Royalty Partners, LP (NYSE:KRP – Free Report) by 79.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 598,168 shares of the energy company’s stock after selling 2,356,453 shares during the quarter. Kimbell Royalty Partners accounts for approximately 13.6% of Ridgemont Partners Management LLC’s portfolio, making the stock its 2nd largest position. Ridgemont Partners Management LLC’s holdings in Kimbell Royalty Partners were worth $9,708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Accordant Advisory Group Inc raised its position 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 acquiring an additional 19,716 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in 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 valued at $4,334,000 after purchasing an additional 74,098 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Kimbell Royalty Partners by 65.4% in the third quarter. JPMorgan Chase & Co. now owns 43,054 shares of the energy company’s stock valued at $693,000 after buying an additional 17,029 shares during the period. Barclays PLC lifted its stake in Kimbell Royalty Partners by 1,175.1% in the third quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock valued at $219,000 after buying an additional 12,538 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimbell Royalty Partners by 11.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,134 shares of the energy company’s stock worth $1,627,000 after buying an additional 10,176 shares during the last quarter. 25.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Kimbell Royalty Partners

In other news, insider Blayne Rhynsburger sold 7,851 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.86, for a total transaction of $108,814.86. Following the completion of the transaction, the insider now directly owns 49,263 shares of the company’s stock, valued at $682,785.18. This trade represents a 13.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KRP. Royal Bank of Canada upgraded shares of Kimbell Royalty Partners to a “moderate buy” rating in a research report on Friday, March 14th. Raymond James reissued a “market perform” rating on shares of Kimbell Royalty Partners in a research report on Monday, March 3rd. Bank of America lowered their price objective on shares of Kimbell Royalty Partners from $16.00 to $14.00 and set an “underperform” rating for the company in a research report on Tuesday, March 4th. Finally, Truist Financial lowered Kimbell Royalty Partners from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $16.00 in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kimbell Royalty Partners presently has an average rating of “Hold” and a consensus price target of $18.25.

Get Our Latest Report on KRP

Kimbell Royalty Partners Stock Up 1.2 %

Shares of KRP stock opened at $14.18 on Tuesday. Kimbell Royalty Partners, LP has a 12-month low of $13.24 and a 12-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. The firm has a fifty day moving average of $15.10 and a 200-day moving average of $15.66. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 4.25 and a beta of 1.01.

Kimbell Royalty Partners Cuts Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 11.28%. The ex-dividend date of this dividend is Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently -1,454.55%.