Kimbell Royalty Partners (NYSE:KRP) Rating Lowered to Hold at Truist Financial

Kimbell Royalty Partners (NYSE:KRP) was downgraded by investment analysts at Truist Financial from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. They currently have a $16.00 price objective on the energy company’s stock, down from their previous price objective of $22.00. Truist Financial’s target price points to a potential upside of 16.15% from the stock’s current price.

Separately, Raymond James reiterated a “market perform” rating on shares of Kimbell Royalty Partners in a research note on Monday.

Kimbell Royalty Partners Stock Performance

Kimbell Royalty Partners stock traded down $0.65 during mid-day trading on Tuesday, reaching $13.78. The company had a trading volume of 560,595 shares, compared to its average volume of 983,827. 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 market cap of $1.32 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 4.25 and a beta of 1.08. The company has a 50 day moving average of $15.72 and a 200-day moving average of $15.86. Kimbell Royalty Partners has a 52 week low of $13.77 and a 52 week high of $17.07.

Institutional Investors Weigh In On Kimbell Royalty Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. Stephens Inc. AR boosted its position in shares of Kimbell Royalty Partners by 8.6% during the 3rd quarter. Stephens Inc. AR now owns 61,063 shares of the energy company’s stock valued at $983,000 after acquiring an additional 4,843 shares in the last quarter. Carson Advisory Inc. lifted its stake in Kimbell Royalty Partners by 1.8% during the third quarter. Carson Advisory Inc. now owns 49,150 shares of the energy company’s stock worth $791,000 after purchasing an additional 883 shares during the period. GSA Capital Partners LLP boosted its holdings in Kimbell Royalty Partners by 80.8% during the third quarter. GSA Capital Partners LLP now owns 94,613 shares of the energy company’s stock valued at $1,522,000 after purchasing an additional 42,275 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Kimbell Royalty Partners by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 227,582 shares of the energy company’s stock valued at $3,662,000 after purchasing an additional 30,788 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Kimbell Royalty Partners by 10.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 96,377 shares of the energy company’s stock worth $1,551,000 after buying an additional 9,000 shares in the last quarter. Institutional investors own 25.78% of the company’s stock.

About Kimbell Royalty Partners