A Guide To The Risks Of Investing In Kimbell Royalty Partners LP (KRP)


Kimbell Royalty Partners LP’s recent filing unveils that its Director Daugbjerg Erik B acquired Company’s shares for reported $100000.0 on Dec 08. In the deal valued at $16.11 per share,6,207 shares were bought. As a result of this transaction, Daugbjerg Erik B now holds 74,185 shares worth roughly $ 1.21 million.

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Then, Rhynsburger Blayne sold 2,500 shares, generating $44,325 in total proceeds. Upon selling the shares at $17.73, the Controller now owns 46,616 shares.

Before that, Wynne Mitch S. sold 13,599 shares. Kimbell Royalty Partners LP shares valued at $231,319 were divested by the Director at a price of $17.01 per share. As a result of the transaction, Wynne Mitch S. now holds 188,090 shares, worth roughly $3.07 million.

KeyBanc Capital Markets upgraded its Kimbell Royalty Partners LP [KRP] rating to an Overweight from a a Sector weight in a research note published on Tuesday. PT values the company’s stock at a premium of 22.38 to its Tuesday closing price. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”a Sector weight”‘ rating. Citigroup began covering KRP with “Buy” recommendation on August 25, 2022. Stephens started covering the stock on April 14, 2022. It rated KRP as “an Overweight”.

Price Performance Review of KRP

On Tuesday, Kimbell Royalty Partners LP [NYSE:KRP] saw its stock remained unchanged to $16.30. On the same session, the stock had its day’s lowest price of $16.12, but rose to a high of $16.65. Over the last five days, the stock has gained 5.64%. Kimbell Royalty Partners LP shares have fallen nearly -2.40% since the year began. Nevertheless, the stocks have risen 1.12% over the past one year. While a 52-week high of $20.08 was reached on 01/17/23, a 52-week low of $14.48 was recorded on 02/22/23. SMA at 50 days reached $16.12, while 200 days put it at $17.13. A total of 0.68 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For KRP Stock

The 24-hour chart illustrates a support level at 16.06, which if violated will result in even more drops to 15.83. On the upside, there is a resistance level at 16.59. A further resistance level may holdings at 16.89. The Relative Strength Index (RSI) on the 14-day chart is 54.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.91%. Stochastics %K at 89.19% indicates the stock is a selling.

How much short interest is there in Kimbell Royalty Partners LP?

A steep rise in short interest was recorded in Kimbell Royalty Partners LP stocks on Jan 30, 2023, growing by 430.0 shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 0.96 million shares. There was a rise of 0.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.43.

Kimbell Royalty Partners LP [KRP] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Investment Manageme, it is revealed that the company now owns 2,435,664 shares, or roughly 3.85% of the outstanding KRP shares. In other words, the investor’s shares have risen by 709,547 from its previous 13-F filing of 1726117.0. Additionally, Epoch Investment Partners, Inc. increased 164.38% of its stake after which the total value it holdings stand at $21,623,737, while Macquarie Investment Management B added 11.30% of its stake to hold $18.73 million in the firm. At present, Citadel Advisors LLC is holding 778,910 shares valued at $12.69 million. CIBC Private Wealth Advisors, Inc owned 647,169 shares of the company at the time of its most recent 13F filing, worth $10.54 million.


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