Kimbell Royalty Partners LP’s filing revealed that its Controller Rhynsburger Blayne unloaded Company’s shares for reported $78550.0 on Aug 14 ’24. In the deal valued at $15.71 per share,5,000 shares were sold. As a result of this transaction, Rhynsburger Blayne now holds 50,164 shares worth roughly $0.8 million.
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Then, Wynne Mitch S. sold 27,539 shares, generating $445,030 in total proceeds. Upon selling the shares at $16.16, the Director now owns 0 shares.
Before that, Taylor Brett G. sold 50,000 shares. Kimbell Royalty Partners LP shares valued at $826,000 were divested by the Director at a price of $16.52 per share. As a result of the transaction, Taylor Brett G. now holds 249,030 shares, worth roughly $3.95 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 -0.88% to $15.85. Over the last five days, the stock has gained 0.13%. Kimbell Royalty Partners LP shares have risen nearly 5.32% since the year began. Nevertheless, the stocks have risen 4.76% over the past one year. While a 52-week high of $17.11 was reached on 07/15/24, a 52-week low of $14.26 was recorded on 01/17/24. SMA at 50 days reached $16.32, while 200 days put it at $15.79.
Levels Of Support And Resistance For KRP Stock
The 24-hour chart illustrates a support level at 15.74, which if violated will result in even more drops to 15.64. On the upside, there is a resistance level at 16.02. A further resistance level may holdings at 16.19. The Relative Strength Index (RSI) on the 14-day chart is 43.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.67%. Stochastics%K at 62.65% indicates the stock is a holding.
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 2024-07-31, dropping by -0.59 million shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.2 million shares. There was a decline of -36.46%, which implies that there is a negative sentiment for the stock.
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.
