Kimbell Royalty Partners, LP (NYSE:) Controller Blaine Rinsburger sold a total of 6,487 shares of limited partner common stock on March 19, 2024 for a total transaction consideration of approximately $101,197. The sale was priced at $15.60 per share, according to a recent SEC filing.
The transaction resulted in Reinsburger’s stake in the company being reduced, leaving him with 55,164 shares of common stock after the sale. As stated in the filing, the shares sold to Rhynsburger were owned directly.
Investors often track these types of insider transactions to gain insight into the outlook of company executives and their views on the firm’s future performance. The Controller Sale to Kimbell Royalty Partners provides current and potential investors with information to consider when evaluating their investment decisions regarding the company.
Based in Fort Worth, Texas, Kimbell Royalty Partners is a crude oil and industrial services firm with a focus on the ownership and acquisition of petroleum and natural gas mineral resources and royalties throughout the United States.
The company’s shares are traded on the New York Stock Exchange under the ticker symbol KRP. Interested parties can access more detailed information about a company’s financial performance and insider transactions through its SEC filings and other public disclosures.
InvestingAbout Insights
Kimbell Royalty Partners, LP (NYSE:KRP) is being closely watched by investors following a recent insider trade by Controller Blaine Reinsburger. To provide broader context, here are some key financial indicators and InvestingPro tips that may be of interest:
As of the trailing twelve months leading up to the fourth quarter of 2023, Kimbell Royalty Partners posted an impressive gross margin of 92.56%, demonstrating the company’s strong ability to control cost of goods sold relative to sales volume. This is complemented by the company’s operating profit margin of 46.89%, indicating effective management of operating expenses.
The company’s commitment to returning value to its shareholders is evident with its strong dividend yield of 10.98%, which remains even as dividend growth is down -12.24%. Investors who prioritize stable income streams may find this aspect particularly attractive. In addition, Kimbell Royalty Partners has a track record of paying dividends for 8 consecutive years, underscoring its commitment to providing shareholder returns.
However, it’s important to note that some analysts have revised their earnings downward for the coming period, which could be something for investors to consider. Additionally, although the company operates with moderate levels of debt, its valuation implies a low free cash flow yield, according to InvestingPro’s advice.
For those who want to dive deeper into Kimbell Royalty Partners’ financial performance and strategic positioning, additional InvestingPro tips are available. Investors can study this information to better understand a company’s performance and make more informed investment decisions. Use coupon code PRONEWS24 to get an additional 10% off your annual or bi-annual Pro and Pro+ subscriptions, which includes access to over 10 additional InvestingPro tips.
InvestingPro Key Data Includes:
- Market capitalization: US$1.48 billion.
- Price/Earnings Ratio (P/E): 15.71 (adjusted trailing twelve months to Q4 2023)
- Revenue growth (quarterly): 29.13% for Q4 2023
These metrics, along with InvestingPro’s advice, provide insight into a company’s financial health and market perception, which is critical for stakeholders assessing the potential impact of insider transactions on their investment strategies.
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