Parkside Financial Bank & Trust Takes Position in Kimbell Royalty Partners, LP (NYSE:KRP)

Parkside Financial Bank & Trust acquired a new position in shares of Kimbell Royalty Partners, LP (NYSE:KRP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the energy company’s stock, valued at approximately $32,000.

A number of other institutional investors have also made changes to their positions in KRP. Oppenheimer & Co. Inc. boosted its holdings in Kimbell Royalty Partners by 11.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 107,087 shares of the energy company’s stock worth $1,738,000 after buying an additional 10,710 shares during the last quarter. GraniteShares Advisors LLC raised its position in shares of Kimbell Royalty Partners by 7.1% in the 4th quarter. GraniteShares Advisors LLC now owns 151,926 shares of the energy company’s stock valued at $2,466,000 after acquiring an additional 10,026 shares during the period. Venturi Wealth Management LLC boosted its stake in Kimbell Royalty Partners by 7.1% during the 4th quarter. Venturi Wealth Management LLC now owns 31,600 shares of the energy company’s stock worth $513,000 after acquiring an additional 2,100 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Kimbell Royalty Partners by 38.4% during 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 period. Finally, Accordant Advisory Group Inc increased its stake in Kimbell Royalty Partners by 10.3% in the fourth 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 in the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kimbell Royalty Partners Stock Down 6.0 %

Kimbell Royalty Partners stock opened at $14.40 on Tuesday. The company has a 50 day moving average of $15.75 and a 200-day moving average of $15.87. 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. The stock has a market capitalization of $1.38 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 4.25 and a beta of 1.08.

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 11.11%. The ex-dividend date is Tuesday, March 18th. Kimbell Royalty Partners’s dividend payout ratio (DPR) is presently -1,454.55%.

Kimbell Royalty Partners Profile