Kayne Anderson Capital Advisors LP Cuts Stake in Viper Energy Partners LP (VNOM)

Kayne Anderson Capital Advisors LP trimmed its position in Viper Energy Partners LP (NASDAQ:VNOM) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,843,195 shares of the oil and gas producer’s stock after selling 126,400 shares during the period. Viper Energy Partners makes up approximately 1.0% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 25th largest holding. Kayne Anderson Capital Advisors LP’s holdings in Viper Energy Partners were worth $77,592,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Millennium Management LLC purchased a new stake in shares of Viper Energy Partners in the first quarter valued at about $551,000. BNP Paribas Arbitrage SA grew its holdings in shares of Viper Energy Partners by 1,635.2% in the second quarter. BNP Paribas Arbitrage SA now owns 61,011 shares of the oil and gas producer’s stock valued at $1,947,000 after purchasing an additional 57,495 shares during the period. Alps Advisors Inc. grew its holdings in shares of Viper Energy Partners by 28.3% in the second quarter. Alps Advisors Inc. now owns 27,596 shares of the oil and gas producer’s stock valued at $644,000 after purchasing an additional 6,086 shares during the period. Kaizen Advisory LLC grew its holdings in shares of Viper Energy Partners by 26.5% in the second quarter. Kaizen Advisory LLC now owns 47,947 shares of the oil and gas producer’s stock valued at $1,530,000 after purchasing an additional 10,039 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Viper Energy Partners by 28.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 48,299 shares of the oil and gas producer’s stock valued at $1,541,000 after purchasing an additional 10,838 shares during the period. Institutional investors own 27.02% of the company’s stock.

Shares of VNOM stock opened at $30.21 on Friday. The company has a quick ratio of 13.32, a current ratio of 13.32 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 28.23 and a beta of 1.15. Viper Energy Partners LP has a 1-year low of $19.21 and a 1-year high of $44.00.

Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Monday, October 29th. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.36). The company had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $78.65 million. Viper Energy Partners had a return on equity of 10.95% and a net margin of 67.73%. The company’s quarterly revenue was up 84.8% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. Equities research analysts anticipate that Viper Energy Partners LP will post 1.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 12th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 7.68%. The ex-dividend date of this dividend was Thursday, November 8th. Viper Energy Partners’s dividend payout ratio (DPR) is presently 216.82%.

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

A number of brokerages recently issued reports on VNOM. Oppenheimer began coverage on shares of Viper Energy Partners in a report on Wednesday, October 3rd. They issued an “outperform” rating and a $51.00 price objective for the company. Zacks Investment Research raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, September 26th. Piper Jaffray Companies began coverage on shares of Viper Energy Partners in a report on Friday, September 28th. They issued an “overweight” rating for the company. BidaskClub raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 20th. Finally, Northland Securities set a $45.00 price objective on shares of Viper Energy Partners and gave the company a “buy” rating in a report on Thursday, August 16th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $41.07.

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Viper Energy Partners Company 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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