In a filing, Kimbell Royalty Partners, LP revealed its Director Taylor Brett G. unloaded Company’s shares for reported $0.42 million on Mar 19 ’24. In the deal valued at $15.51 per share,27,163 shares were sold. As a result of this transaction, Taylor Brett G. now holds 299,030 shares worth roughly $4.74 million.
Then, Rhynsburger Blayne sold 6,487 shares, generating $101,197 in total proceeds. Upon selling the shares at $15.60, the Controller now owns 55,164 shares.
Before that, Taylor Brett G. sold 16,889 shares. Kimbell Royalty Partners, LP shares valued at $265,326 were divested by the Director at a price of $15.71 per share. As a result of the transaction, Taylor Brett G. now holds 326,193 shares, worth roughly $5.17 million.
Truist initiated its Kimbell Royalty Partners, LP [KRP] rating to a Buy in a research note published on January 30, 2024; the price target was $22. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. KeyBanc Capital Markets also remained covering KRP and has increased its forecast on March 07, 2023 with a “an Overweight” recommendation from previously “Sector weight” rating. KeyBanc Capital Markets started covering the stock on September 20, 2022. It rated KRP as “a Sector weight”.
Price Performance Review of KRP
On Tuesday, Kimbell Royalty Partners, LP [NYSE:KRP] saw its stock fall -0.19% to $15.86. Over the last five days, the stock has lost -2.70%. Kimbell Royalty Partners, LP shares have risen nearly 5.38% since the year began. Nevertheless, the stocks have fallen -4.52% over the past one year. While a 52-week high of $17.11 was reached on 04/12/24, a 52-week low of $14.02 was recorded on 01/17/24. SMA at 50 days reached $15.56, while 200 days put it at $15.39. A total of 0.21 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For KRP Stock
The 24-hour chart illustrates a support level at 15.72, which if violated will result in even more drops to 15.58. On the upside, there is a resistance level at 15.94. A further resistance level may holdings at 16.02. The Relative Strength Index (RSI) on the 14-day chart is 51.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.05%. Stochastics %K at 41.75% indicates the stock is a holding.
The most recent change occurred on August 25, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $24 price target.
