Nadler Financial Group Inc. Invests $165,000 in Kimbell Royalty Partners, LP (NYSE:KRP)

Nadler Financial Group Inc. acquired a new stake in shares of Kimbell Royalty Partners, LP (NYSE:KRP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,242 shares of the energy company’s stock, valued at approximately $165,000.

Other hedge funds also recently bought and sold shares of the company. Ridgemont Partners Management LLC bought a new position in shares of Kimbell Royalty Partners in the second quarter worth about $96,372,000. American Century Companies Inc. raised its holdings in shares of Kimbell Royalty Partners by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 1,508,131 shares of the energy company’s stock valued at $24,673,000 after purchasing an additional 260,332 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Kimbell Royalty Partners by 189.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,373,991 shares of the energy company’s stock valued at $19,882,000 after acquiring an additional 899,322 shares during the period. Raymond James & Associates raised its position in shares of Kimbell Royalty Partners by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,118,570 shares of the energy company’s stock worth $17,998,000 after acquiring an additional 64,678 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in shares of Kimbell Royalty Partners by 7.3% during the 2nd quarter. King Luther Capital Management Corp now owns 440,919 shares of the energy company’s stock worth $7,213,000 after purchasing an additional 29,998 shares during the last quarter. Institutional investors own 25.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on KRP shares. KeyCorp reduced their target price on shares of Kimbell Royalty Partners from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial lowered their price objective on Kimbell Royalty Partners from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kimbell Royalty Partners presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Insider Activity at Kimbell Royalty Partners

In other Kimbell Royalty Partners news, insider Blayne Rhynsburger sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $15.71, for a total value of $78,550.00. Following the sale, the insider now directly owns 50,164 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 5.60% of the stock is owned by company insiders.

Kimbell Royalty Partners Stock Performance

KRP traded up $0.12 during midday trading on Friday, hitting $16.17. 11,402 shares of the company were exchanged, compared to its average volume of 362,677. The company’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $16.19. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. Kimbell Royalty Partners, LP has a 1-year low of $14.26 and a 1-year high of $17.11. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.41.

Kimbell Royalty Partners (NYSE:KRP) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). Kimbell Royalty Partners had a return on equity of 5.03% and a net margin of 10.74%. The company had revenue of $76.60 million during the quarter, compared to analysts’ expectations of $81.19 million. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, sell-side analysts predict that Kimbell Royalty Partners, LP will post 0.68 earnings per share for the current year.

Kimbell Royalty Partners Company Profile