Alps Advisors Inc. bought a new stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 27,596 shares of the oil and gas producer’s stock, valued at approximately $514,000.
A number of other institutional investors have also added to or reduced their stakes in VNOM. Penserra Capital Management LLC acquired a new position in Viper Energy Partners during the 3rd quarter valued at about $106,000. Creative Planning lifted its position in Viper Energy Partners by 1,215.5% during the 2nd quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock valued at $207,000 after purchasing an additional 12,155 shares during the period. Credit Suisse AG acquired a new position in Viper Energy Partners during the 1st quarter valued at about $270,000. Renaissance Technologies LLC acquired a new position in Viper Energy Partners during the 1st quarter valued at about $281,000. Finally, Virtu KCG Holdings LLC lifted its position in Viper Energy Partners by 77.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after purchasing an additional 8,357 shares during the period. Institutional investors own 17.96% of the company’s stock.
Shares of Viper Energy Partners LP (VNOM) opened at $18.96 on Friday. Viper Energy Partners LP has a 52 week low of $14.76 and a 52 week high of $20.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92. The stock has a market capitalization of $2,140.98, a P/E ratio of 21.36, a P/E/G ratio of 1.30 and a beta of 1.01.
Viper Energy Partners (NASDAQ:VNOM) last posted its earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The business had revenue of $42.21 million during the quarter, compared to analysts’ expectations of $40.88 million. During the same period in the prior year, the business earned $0.12 EPS. Viper Energy Partners’s revenue for the quarter was up 111.2% compared to the same quarter last year. analysts anticipate that Viper Energy Partners LP will post 0.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a dividend of $0.337 per share. This represents a $1.35 dividend on an annualized basis and a yield of 7.11%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, November 6th. Viper Energy Partners’s dividend payout ratio is presently 153.41%.
A number of analysts have recently commented on the company. Northland Securities set a $22.00 price target on Viper Energy Partners and gave the company a “buy” rating in a research note on Sunday, July 23rd. Imperial Capital assumed coverage on Viper Energy Partners in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $21.00 price target for the company. Piper Jaffray Companies lowered their price target on Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viper Energy Partners in a research note on Sunday, September 10th. Finally, TheStreet raised Viper Energy Partners from a “c+” rating to a “b-” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.45.
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Viper Energy Partners Profile
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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