In a filing, Kimbell Royalty Partners LP revealed its Controller Rhynsburger Blayne unloaded Company’s shares for reported $82050.0 on Nov 12 ’24. In the deal valued at $16.41 per share,5,000 shares were sold. As a result of this transaction, Rhynsburger Blayne now holds 45,164 shares worth roughly $0.62 million.
Then, Rhynsburger Blayne sold 5,000 shares, generating $78,550 in total proceeds. Upon selling the shares at $15.71, the Controller now owns 50,164 shares.
Before that, Wynne Mitch S. sold 27,539 shares. Kimbell Royalty Partners LP shares valued at $445,030 were divested by the Director at a price of $16.16 per share. As a result of the transaction, Wynne Mitch S. now holds 0 shares, worth roughly $0.0.
Truist downgraded its Kimbell Royalty Partners LP [KRP] rating to a Hold from a a Buy in a research note published on March 04, 2025; the price target was decreased to $16 from $22. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early March from “a Strong buy” to “a Mkt perform”. Truist began covering KRP with “Buy” recommendation on January 30, 2024. BofA Securities started covering the stock on October 30, 2023. It rated KRP as “a Buy”.
Price Performance Review of KRP
On Tuesday, Kimbell Royalty Partners LP [NYSE:KRP] saw its stock jump 0.81% to $13.63. Over the last five days, the stock has lost -1.52%. Kimbell Royalty Partners LP shares have fallen nearly -16.02% since the year began. Nevertheless, the stocks have fallen -12.68% over the past one year. While a 52-week high of $17.07 was reached on 01/06/25, a 52-week low of $13.24 was recorded on 03/06/25. SMA at 50 days reached $15.46, while 200 days put it at $15.97.
Levels Of Support And Resistance For KRP Stock
The 24-hour chart illustrates a support level at 13.53, which if violated will result in even more drops to 13.42. On the upside, there is a resistance level at 13.77. A further resistance level may holdings at 13.91. The Relative Strength Index (RSI) on the 14-day chart is 28.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.55%. Stochastics %K at 10.92% indicates the stock is a buying.
