Fmr LLC lifted its stake in Viper Energy Partners LP (NASDAQ:VNOM) by 22.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,762,219 shares of the oil and gas producer’s stock after acquiring an additional 693,235 shares during the quarter. Fmr LLC owned approximately 3.03% of Viper Energy Partners worth $158,389,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of VNOM. JPMorgan Chase & Co. boosted its holdings in Viper Energy Partners by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,064,741 shares of the oil and gas producer’s stock worth $44,825,000 after purchasing an additional 167,826 shares in the last quarter. Millennium Management LLC bought a new stake in Viper Energy Partners in the first quarter worth $551,000. Raymond James & Associates boosted its holdings in Viper Energy Partners by 911.9% in the second quarter. Raymond James & Associates now owns 1,352,117 shares of the oil and gas producer’s stock worth $43,146,000 after purchasing an additional 1,218,494 shares in the last quarter. Stephens Inc. AR bought a new stake in Viper Energy Partners in the second quarter worth $385,000. Finally, Verition Fund Management LLC boosted its holdings in Viper Energy Partners by 76.9% in 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 in the last quarter. 29.74% of the stock is currently owned by institutional investors and hedge funds.
VNOM stock opened at $28.33 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 13.32 and a quick ratio of 13.32. Viper Energy Partners LP has a 52-week low of $20.97 and a 52-week high of $44.00. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 26.48 and a beta of 1.10.
Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Monday, October 29th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $78.60 million for the quarter, compared to the consensus estimate of $78.65 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue was up 84.8% on a year-over-year basis. As a group, equities analysts anticipate that Viper Energy Partners LP will post 1.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 12th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date of this dividend was Thursday, November 8th. Viper Energy Partners’s dividend payout ratio (DPR) is 216.82%.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 14,800 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $38.71, for a total transaction of $572,908.00. Following the completion of the sale, the president now directly owns 72,473 shares in the company, valued at $2,805,429.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Hollis purchased 3,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were 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. 0.30% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on VNOM shares. TD Securities set a $44.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Saturday, August 11th. Stifel Nicolaus upgraded shares of Viper Energy Partners from a “hold” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $42.00 in a report on Thursday, August 16th. Northland Securities set a $45.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of Viper Energy Partners from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, August 21st. Finally, Citigroup upgraded shares of Viper Energy Partners from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 20th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $42.15.
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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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