Viper Energy Partners LP (NASDAQ:VNOM) CEO Travis D. Stice bought 30,811 shares of the company’s stock in a transaction on Friday, July 21st. The stock was purchased at an average cost of $14.75 per share, for a total transaction of $454,462.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Viper Energy Partners LP (NASDAQ:VNOM) remained flat at $17.54 during trading on Friday. 138,560 shares of the company traded hands. Viper Energy Partners LP has a 1-year low of $13.53 and a 1-year high of $19.38. The company’s 50 day moving average is $16.41 and its 200 day moving average is $17.16. The stock has a market cap of $2.00 billion, a P/E ratio of 23.20 and a beta of 0.96.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas producer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Viper Energy Partners had a return on equity of 11.19% and a net margin of 58.60%. The firm had revenue of $36.62 million during the quarter, compared to analysts’ expectations of $35.79 million. Equities research analysts predict that Viper Energy Partners LP will post $0.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 17th will be issued a $0.332 dividend. This represents a $1.33 annualized dividend and a dividend yield of 7.57%. The ex-dividend date is Tuesday, August 15th. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.30. Viper Energy Partners’s dividend payout ratio (DPR) is currently 159.21%.
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Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Viper Energy Partners by 39.6% in the first quarter. Wellington Management Group LLP now owns 5,968,490 shares of the oil and gas producer’s stock valued at $107,313,000 after buying an additional 1,693,392 shares in the last quarter. Boston Partners boosted its stake in Viper Energy Partners by 26.1% in the first quarter. Boston Partners now owns 2,004,294 shares of the oil and gas producer’s stock valued at $36,037,000 after buying an additional 415,417 shares in the last quarter. CI Global Investments Inc. boosted its stake in Viper Energy Partners by 6.0% in the second quarter. CI Global Investments Inc. now owns 1,934,200 shares of the oil and gas producer’s stock valued at $30,367,000 after buying an additional 108,705 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Viper Energy Partners by 141.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,596,303 shares of the oil and gas producer’s stock valued at $28,701,000 after buying an additional 934,700 shares in the last quarter. Finally, FMR LLC boosted its stake in Viper Energy Partners by 26.2% in the second quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock valued at $22,845,000 after buying an additional 302,400 shares in the last quarter. 17.35% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on VNOM shares. TheStreet raised Viper Energy Partners from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Zacks Investment Research cut Viper Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $22.00 price objective on shares of Viper Energy Partners in a research report on Friday, May 26th. Credit Suisse Group reissued an “outperform” rating and set a $22.00 target price on shares of Viper Energy Partners in a research note on Friday, June 2nd. Finally, BidaskClub downgraded Viper Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Viper Energy Partners presently has a consensus rating of “Buy” and an average price target of $20.55.
About Viper Energy Partners
Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.
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