GraniteShares Advisors LLC increased its holdings in shares of Kimbell Royalty Partners, LP (NYSE:KRP – Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,926 shares of the energy company’s stock after acquiring an additional 10,026 shares during the quarter. Kimbell Royalty Partners comprises 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 29th biggest position. GraniteShares Advisors LLC’s holdings in Kimbell Royalty Partners were worth $2,466,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KRP. Hilltop National Bank acquired a new position in Kimbell Royalty Partners in the 4th quarter valued at about $49,000. Legacy Investment Solutions LLC acquired a new position in Kimbell Royalty Partners in the 3rd quarter valued at about $79,000. Nadler Financial Group Inc. acquired a new position in Kimbell Royalty Partners in the 3rd quarter valued at about $165,000. Barclays PLC boosted its holdings in Kimbell Royalty Partners by 1,175.1% in the 3rd quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock valued at $219,000 after purchasing an additional 12,538 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Kimbell Royalty Partners by 36.8% in the 3rd quarter. National Bank of Canada FI now owns 17,968 shares of the energy company’s stock valued at $289,000 after purchasing an additional 4,830 shares during the last quarter. 25.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on KRP shares. Raymond James boosted their target price on shares of Kimbell Royalty Partners from $19.00 to $23.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Truist Financial boosted their price target on shares of Kimbell Royalty Partners from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, January 13th.
Kimbell Royalty Partners Price Performance
Kimbell Royalty Partners stock opened at $15.79 on Wednesday. The company’s 50 day simple moving average is $15.75 and its 200-day simple moving average is $15.88. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 4.25 and a beta of 1.08. Kimbell Royalty Partners, LP has a 1 year low of $14.95 and a 1 year high of $17.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.20.
Kimbell Royalty Partners Company Profile
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