Kimbell Royalty Partners
About: Kimbell Royalty Partners LP owns and acquires mineral and royalty interests in oil and natural gas properties throughout the United States. The company's basins and producing regions include areas of interest in the Permian Basin, Mid-Continent, Terryville/Cotton Valley/Haynesville, Appalachian Basin, Eagle Ford, Bakken/Williston Basin, and DJ Basin/Rockies/Niobrara. Its revenues are derived from royalty payments received from operators based on the sale of oil, natural gas, and NGL production, as well as the sale of NGLs that are extracted from natural gas during processing.
Employees: 29
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
544% more call options, than puts
Call options by funds: $13.8M | Put options by funds: $2.14M
24% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 21
21% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 38
3% more funds holding
Funds holding: 147 [Q2] → 152 (+5) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
6.88% less ownership
Funds ownership: 40.97% [Q2] → 34.09% (-6.88%) [Q3]
12% less capital invested
Capital invested by funds: $503M [Q2] → $443M (-$60.7M) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
30%
upside
Avg. target
$21
33%
upside
High target
$21
36%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Keybanc Tim Rezvan 26% 1-year accuracy 11 / 43 met price target | 30%upside $20 | Overweight Maintained | 16 Oct 2024 |
Truist Securities Neal Dingmann 34% 1-year accuracy 47 / 140 met price target | 36%upside $21 | Buy Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 7 articles about KRP published over the past 30 days
Neutral
PRNewsWire
2 days ago
Kimbell Royalty Partners Announces Date for Fourth Quarter 2024 Earnings Release and Conference Call
FORT WORTH, Texas, Dec. 19, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 129,000 gross wells across 28 states, today announced that it will release its fourth quarter 2024 financial results on Thursday, February 27, 2025, before the market opens. Kimbell will also declare its fourth quarter 2024 distribution concurrent with this release.
Positive
Seeking Alpha
1 week ago
My 2 Top Dividends To Buy Before Christmas
Free advice is easy to find, but actionable, accountable insights truly drive results. Build a steady income stream with disciplined strategies and investments. Discover two high-yield investments designed to deliver reliable income in any market; Yields of up to 11%.
Positive
Benzinga
1 week ago
Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 6% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Positive
Seeking Alpha
1 week ago
Red, White, And Wealth: Building An All-American Dividend Portfolio
I love America and invest heavily in it for good reason. This article explores why the U.S. outshines the world economically and strategically for investors. With unmatched innovation, military strength, and natural resources, the U.S. excels. I highlight risks, rewards, and the keys to building a winning portfolio. From defense giants to energy royalty players, I share my favorite stocks to beat the market and capitalize on America's enduring strengths.
Positive
Seeking Alpha
2 weeks ago
Buying No-Brainer Dividends For The 'Best Four Years Ever'
Scott Bessent's predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump's second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
Positive
Seeking Alpha
3 weeks ago
Kimbell Royalty Partners: New Permian Wells Should Boost Production And Oil Cut
Kimbell's Q3 2024 production and oil cut modestly declined compared to Q2 2024. KRP still declared a $0.41 per unit distribution, helped by hedges and lease bonus income. Kimbell had a high number of DUCs at the end of Q3 2024. Those wells coming online are expected to boost its production in Q4 2024 and much of 2025.
Positive
Seeking Alpha
3 weeks ago
My Favorite Dividend Stocks For The 'New World Order'
I explore the evolving “New World Order,” focusing on geopolitical changes and the U.S.'s strategic responses. This impacts global markets profoundly. Trump's pick for Treasury Secretary, Scott Bessent, aims to tackle U.S. debt and economic growth with his “3/3/3” plan—cut deficits, boost GDP, and increase oil output. Amid these shifts, I spotlight dividend stocks poised to thrive, emphasizing their resilience, strong yields, and growth potential in a changing economy.
Neutral
PRNewsWire
1 month ago
Kimbell Royalty Partners Announces Participation at Upcoming Investor Conferences
FORT WORTH, Texas, Nov. 11, 2024 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 129,000 gross wells across 28 states, today announced its participation in four upcoming investor conferences. Members of management will be participating in meetings at the following conferences: Bank of America Global Energy Conference 2024 on November 12-13, 2024 – Houston TD Securities Energy Conference on November 19-20, 2024 – New York City Wolfe Inaugural Global Energy Conference on November 21, 2024 - Virtual Mizuho Power, Energy & Infrastructure Conference on December 9-10, 2024 – New York City About Kimbell Royalty Partners Kimbell (NYSE: KRP) is a leading oil and gas mineral and royalty company based in Fort Worth, Texas.
Neutral
Seeking Alpha
1 month ago
Kimbell Royalty Partners, LP (KRP) Q3 2024 Earnings Call Transcript
Kimbell Royalty Partners, LP (NYSE:KRP ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Rick Black – IR Bob Ravnaas - Chairman & CEO Davis Ravnaas - President & CFO Matthew Daly – COO Blayne Rhynsburger - Controller Conference Call Participants Tim Rezvan - KeyBanc Capital Markets Inc. Bertrand Donnes - Truist Securities Noah Hungness - Bank of America Operator Greetings, and welcome to Kimbell Royalty Partners Third Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Positive
Zacks Investment Research
1 month ago
Kimbell Royalty (KRP) Beats Q3 Earnings and Revenue Estimates
Kimbell Royalty (KRP) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.19 per share a year ago.
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