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Kimbell Royalty Partners initiated with a Buy at Texas Capital

Texas Capital analyst Derrick Whitfield initiated coverage of Kimbell Royalty Partners (KRP) with a Buy rating and $24 price target Kimbell is a minerals and royalty company that offers investors exposure to a “highly differentiated” asset base that is characterized by diverse, quality acreage and low declining production, the analyst tells investors in a research note. The firm expects consistent returns to shareholders throughout the commodity cycle.

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