Kimbell Royalty PartnersKRP
Market Cap: $1.23B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,168% more call options, than puts
Call options by funds: $20.1M | Put options by funds: $1.59M
35% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 31
35% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 20
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
18% more capital invested
Capital invested by funds: $407M [Q1] → $482M (+$74.4M) [Q2]
5% more funds holding
Funds holding: 139 [Q1] → 146 (+7) [Q2]
3.54% more ownership
Funds ownership: 35.66% [Q1] → 39.21% (+3.54%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 51%upside $23 | Buy Maintained | 2 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 45%upside $22 | Buy Maintained | 22 Jul 2024 |
B of A Securities Noah Hungness 45% 1-year accuracy 5 / 11 met price target | 5%upside $16 | Underperform Reinstated | 14 Jun 2024 |