Kimbell Royalty Partners, LP (NYSE:KRP) Shares Bought by GraniteShares Advisors LLC

GraniteShares Advisors LLC raised its stake in Kimbell Royalty Partners, LP (NYSE:KRP) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,926 shares of the energy company’s stock after acquiring an additional 10,026 shares during the quarter. Kimbell Royalty Partners makes up approximately 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 29th largest position. GraniteShares Advisors LLC owned approximately 0.16% of Kimbell Royalty Partners worth $2,466,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KRP. Hilltop National Bank acquired a new position in shares of Kimbell Royalty Partners during the 4th quarter worth approximately $49,000. Legacy Investment Solutions LLC acquired a new position in shares of Kimbell Royalty Partners during the 3rd quarter worth approximately $79,000. Nadler Financial Group Inc. acquired a new position in shares of Kimbell Royalty Partners during the 3rd quarter worth approximately $165,000. Barclays PLC raised its stake in shares of Kimbell Royalty Partners by 1,175.1% during the 3rd quarter. Barclays PLC now owns 13,605 shares of the energy company’s stock worth $219,000 after buying an additional 12,538 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of Kimbell Royalty Partners by 36.8% during the 3rd quarter. National Bank of Canada FI now owns 17,968 shares of the energy company’s stock worth $289,000 after buying an additional 4,830 shares during the period. 25.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRP has been the subject of several research analyst reports. Truist Financial upped their target price on Kimbell Royalty Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Raymond James upped their target price on Kimbell Royalty Partners from $19.00 to $23.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd.

Kimbell Royalty Partners Stock Performance

KRP opened at $15.79 on Wednesday. The firm has a market capitalization of $1.51 billion, a PE ratio of 30.95, a PEG ratio of 4.25 and a beta of 1.08. Kimbell Royalty Partners, LP has a twelve month low of $14.95 and a twelve month high of $17.07. The firm’s 50-day moving average price is $15.75 and its 200 day moving average price is $15.88. The company has a current ratio of 5.20, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

About Kimbell Royalty Partners