First Financial Bankshares Inc Has $3.08 Million Position in Kimbell Royalty $KRP

First Financial Bankshares Inc raised its position in Kimbell Royalty (NYSE:KRP) by 1,171.0% in the 3rd quarter, Holdings Channel reports. The firm owned 227,922 shares of the energy company’s stock after buying an additional 209,989 shares during the period. First Financial Bankshares Inc’s holdings in Kimbell Royalty were worth $3,075,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wedbush Securities Inc. grew its holdings in shares of Kimbell Royalty by 1.7% in the 2nd quarter. Wedbush Securities Inc. now owns 42,325 shares of the energy company’s stock valued at $591,000 after buying an additional 711 shares during the period. Arrow Investment Advisors LLC raised its stake in Kimbell Royalty by 6.8% during the 3rd quarter. Arrow Investment Advisors LLC now owns 12,595 shares of the energy company’s stock worth $170,000 after buying an additional 797 shares during the period. Bridgewealth Advisory Group LLC lifted its holdings in Kimbell Royalty by 6.1% during the third quarter. Bridgewealth Advisory Group LLC now owns 14,124 shares of the energy company’s stock worth $191,000 after acquiring an additional 814 shares in the last quarter. Ruggaard & Associates LLC grew its stake in Kimbell Royalty by 8.1% in the second quarter. Ruggaard & Associates LLC now owns 12,740 shares of the energy company’s stock valued at $178,000 after acquiring an additional 950 shares during the period. Finally, Stephens Inc. AR grew its stake in Kimbell Royalty by 2.5% in the third quarter. Stephens Inc. AR now owns 40,025 shares of the energy company’s stock valued at $540,000 after acquiring an additional 975 shares during the period. 25.78% of the stock is currently owned by institutional investors and hedge funds.

Kimbell Royalty Stock Performance

KRP opened at $14.14 on Tuesday. The business’s 50-day simple moving average is $12.71 and its 200 day simple moving average is $13.13. Kimbell Royalty has a 52-week low of $10.98 and a 52-week high of $16.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 5.39 and a current ratio of 5.39. The firm has a market capitalization of $1.53 billion, a PE ratio of -202.04, a PEG ratio of 4.41 and a beta of 0.34.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KRP. KeyCorp reiterated a “sector weight” rating on shares of Kimbell Royalty in a report on Monday, November 24th. Mizuho raised their target price on shares of Kimbell Royalty from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings upgraded shares of Kimbell Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Zacks Research downgraded shares of Kimbell Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Citigroup cut their price objective on shares of Kimbell Royalty from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kimbell Royalty presently has a consensus rating of “Hold” and a consensus target price of $15.80.

Kimbell Royalty Profile

Kimbell Royalty Partners LP (NYSE: KRP) is a mineral and royalty company focused on acquiring and managing oil and natural gas royalty interests in the United States. As a master limited partnership, Kimbell Royalty generates fee-like revenues by collecting royalties and overriding royalty interests on production volumes, without directly bearing the capital or operating costs of drilling and completion activities. The partnership’s business model emphasizes steady cash flows and limited downside exposure to commodity price fluctuations.

The company’s asset portfolio spans multiple onshore basins, with a core concentration in Texas and New Mexico.