Kimbell Royalty Partners, LP (NYSE:KRP) Controller Blayne Rhynsburger sold a total of 6,487 common units representing limited partner interests on March 19, 2024, for a total transaction value of approximately $101,197. The sale was executed at a price of $15.60 per share, according to a recent SEC filing.
The transaction resulted in a reduction of Rhynsburger's holdings in the company, leaving him with 55,164 common units following the sale. The shares sold by Rhynsburger were held directly, as indicated in the filing.
Investors often monitor insider transactions such as these for insights into the perspectives of company executives and their outlook on the firm's future performance. The sale by the controller of Kimbell Royalty Partners provides current and potential investors with information to consider as they evaluate their investment decisions regarding the company.
Kimbell Royalty Partners, based in Fort Worth, Texas, operates in the crude petroleum and natural gas industry, with a focus on the ownership and acquisition of oil and natural gas mineral and royalty interests across 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 the company's financials and insider transactions through their SEC filings and other public disclosures.
InvestingPro Insights
Following the recent insider transaction by Controller Blayne Rhynsburger, investors are closely watching Kimbell Royalty Partners, LP (NYSE:KRP). To provide a broader context, here are some key financial metrics and InvestingPro Tips that may be of interest:
As of the last twelve months leading up to Q4 2023, Kimbell Royalty Partners exhibited an impressive gross profit margin of 92.56%, signaling the company's strong ability to control its cost of goods sold relative to its sales. This is complemented by the company's operating income margin of 46.89%, which indicates efficient management of its operating expenses.
The company's dedication to returning value to its shareholders is evident through a significant dividend yield of 10.98%, maintained even as the dividend growth saw a decline of -12.24%. Investors who prioritize steady income streams might find this aspect particularly appealing. Furthermore, Kimbell Royalty Partners has a track record of maintaining dividend payments for 8 consecutive years, underscoring its commitment to shareholder returns.
However, it's important to note that some analysts have revised their earnings downwards for the upcoming period, which could be a point of consideration for investors. Additionally, while the company operates with a moderate level of debt, its valuation implies a poor free cash flow yield, as per the InvestingPro Tips.
For those looking to delve deeper into Kimbell Royalty Partners' financials and strategic positioning, there are additional InvestingPro Tips available. Investors can explore these insights to better understand the company's performance and make more informed investment decisions. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to more than 10 additional InvestingPro Tips.
InvestingPro Data highlights include:
- Market Capitalization: $1.48 billion USD
- Price-to-Earnings (P/E) Ratio: 15.71 (adjusted for the last twelve months as of Q4 2023)
- Revenue Growth (Quarterly): 29.13% for Q4 2023
These metrics, along with the InvestingPro Tips, offer a snapshot of the company's financial health and market perception, which are crucial for stakeholders evaluating the potential impact of insider transactions on their investment strategies.
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