Viper Energy Partners LP (VNOM) Holdings Increased by Fmr LLC

Fmr LLC boosted its stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,068,984 shares of the oil and gas producer’s stock after buying an additional 217,580 shares during the period. Fmr LLC’s holdings in Viper Energy Partners were worth $97,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Verition Fund Management LLC boosted its position in Viper Energy Partners by 76.9% during the second quarter. Verition Fund Management LLC now owns 115,000 shares of the oil and gas producer’s stock worth $3,670,000 after purchasing an additional 50,000 shares during the period. California Public Employees Retirement System boosted its position in Viper Energy Partners by 155.5% during the second quarter. California Public Employees Retirement System now owns 45,092 shares of the oil and gas producer’s stock worth $1,439,000 after purchasing an additional 27,445 shares during the period. Millennium Management LLC boosted its position in Viper Energy Partners by 2,165.2% during the second quarter. Millennium Management LLC now owns 491,569 shares of the oil and gas producer’s stock worth $15,686,000 after purchasing an additional 469,868 shares during the period. Bank of America Corp DE boosted its position in Viper Energy Partners by 15.6% during the second quarter. Bank of America Corp DE now owns 115,405 shares of the oil and gas producer’s stock worth $3,682,000 after purchasing an additional 15,574 shares during the period. Finally, First Republic Investment Management Inc. bought a new stake in Viper Energy Partners during the second quarter worth approximately $312,000. Hedge funds and other institutional investors own 24.87% of the company’s stock.

VNOM opened at $31.79 on Friday. Viper Energy Partners LP has a 1-year low of $18.36 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 13.32 and a quick ratio of 13.32. The company has a market capitalization of $4.21 billion, a PE ratio of 29.71 and a beta of 1.15.

Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, October 29th. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.36). Viper Energy Partners had a net margin of 67.73% and a return on equity of 10.95%. The business had revenue of $78.60 million during the quarter, compared to the consensus estimate of $78.65 million. During the same period in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 84.8% compared to the same quarter last year. As a group, sell-side analysts predict that Viper Energy Partners LP will post 1.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, November 12th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 7.30%. Viper Energy Partners’s payout ratio is 224.30%.

A number of equities research analysts have issued reports on the company. Credit Suisse Group upped their target price on Viper Energy Partners from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 30th. Oppenheimer reaffirmed a “buy” rating on shares of Viper Energy Partners in a research report on Monday, October 29th. Ifs Securities initiated coverage on Viper Energy Partners in a research report on Monday, October 29th. They set a “strong-buy” rating for the company. BidaskClub cut Viper Energy Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research cut Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.29.

In related news, President Hof Matthew Kaes Van’t sold 14,800 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $38.71, for a total value of $572,908.00. Following the completion of the transaction, the president now directly owns 72,473 shares in the company, valued at $2,805,429.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Hollis bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was purchased at an average price of $33.68 per share, with a total value of $101,040.00. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.

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Viper Energy Partners Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.

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Institutional Ownership by Quarter for Viper Energy Partners (NASDAQ:VNOM)

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