Aurora Investment Counsel purchased a new position in Viper Energy Partners LP (NASDAQ:VNOM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 148,567 shares of the oil and gas producer’s stock, valued at approximately $3,466,000. Viper Energy Partners comprises 1.7% of Aurora Investment Counsel’s holdings, making the stock its 2nd largest holding. Aurora Investment Counsel owned 0.13% of Viper Energy Partners as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Atlantic Trust Group LLC increased its stake in Viper Energy Partners by 237.7% in the 3rd quarter. Atlantic Trust Group LLC now owns 111,075 shares of the oil and gas producer’s stock worth $2,070,000 after buying an additional 78,184 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Viper Energy Partners by 16.8% during the third quarter. GSA Capital Partners LLP now owns 123,756 shares of the oil and gas producer’s stock valued at $2,307,000 after acquiring an additional 17,794 shares in the last quarter. Gen IV Investment Opportunities LLC raised its stake in shares of Viper Energy Partners by 390.8% during the third quarter. Gen IV Investment Opportunities LLC now owns 595,421 shares of the oil and gas producer’s stock valued at $11,099,000 after acquiring an additional 474,100 shares in the last quarter. RR Advisors LLC grew its holdings in Viper Energy Partners by 11.0% in the third quarter. RR Advisors LLC now owns 657,000 shares of the oil and gas producer’s stock worth $12,229,000 after purchasing an additional 65,000 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Viper Energy Partners by 10.1% in the third quarter. Wells Fargo & Company MN now owns 597,367 shares of the oil and gas producer’s stock worth $11,135,000 after purchasing an additional 54,752 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.
A number of research analysts recently issued reports on VNOM shares. Northland Securities restated a “buy” rating and set a $24.00 target price on shares of Viper Energy Partners in a research report on Thursday, October 12th. UBS Group raised shares of Viper Energy Partners from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $19.00 to $27.00 in a research note on Tuesday, December 5th. Credit Suisse Group started coverage on shares of Viper Energy Partners in a report on Monday, December 11th. They issued an “outperform” rating and a $25.00 price objective on the stock. SunTrust Banks started coverage on shares of Viper Energy Partners in a report on Wednesday, November 29th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Eleven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $23.36.
Viper Energy Partners LP (NASDAQ VNOM) traded down $0.13 during trading on Thursday, hitting $23.27. 146,500 shares of the stock traded hands, compared to its average volume of 386,671. Viper Energy Partners LP has a fifty-two week low of $14.76 and a fifty-two week high of $24.09. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2,690.00, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.23 and a beta of 1.06.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $42.21 million during the quarter, compared to analyst estimates of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The business’s quarterly revenue was up 111.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. research analysts expect that Viper Energy Partners LP will post 0.96 earnings per share for the current year.
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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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