Atlantic Trust Group LLC Grows Stake in Viper Energy Partners LP (NASDAQ:VNOM)

Atlantic Trust Group LLC grew its holdings in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 237.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,075 shares of the oil and gas producer’s stock after acquiring an additional 78,184 shares during the quarter. Atlantic Trust Group LLC owned 0.10% of Viper Energy Partners worth $2,070,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. CI Global Investments Inc. increased its stake in shares of Viper Energy Partners by 111.9% in the third quarter. CI Global Investments Inc. now owns 4,098,552 shares of the oil and gas producer’s stock worth $76,397,000 after buying an additional 2,164,352 shares during the period. Boston Partners boosted its holdings in Viper Energy Partners by 27.4% in the third quarter. Boston Partners now owns 2,127,350 shares of the oil and gas producer’s stock valued at $39,654,000 after acquiring an additional 457,308 shares in the last quarter. HITE Hedge Asset Management LLC boosted its holdings in Viper Energy Partners by 320.9% in the third quarter. HITE Hedge Asset Management LLC now owns 1,996,005 shares of the oil and gas producer’s stock valued at $37,206,000 after acquiring an additional 1,521,773 shares in the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 302,400 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in Viper Energy Partners by 28.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,233,200 shares of the oil and gas producer’s stock valued at $22,984,000 after acquiring an additional 273,200 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Partners LP (VNOM) opened at $23.93 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 8.92 and a quick ratio of 8.92. The stock has a market capitalization of $2,730.00, a PE ratio of 27.51, a PEG ratio of 1.23 and a beta of 1.06. Viper Energy Partners LP has a 52-week low of $14.76 and a 52-week high of $24.09.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $40.88 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Viper Energy Partners’s revenue was up 111.2% on a year-over-year basis. research analysts expect that Viper Energy Partners LP will post 0.96 earnings per share for the current year.

Several analysts recently weighed in on VNOM shares. Barclays set a $20.00 price target on shares of Viper Energy Partners and gave the company a “buy” rating in a report on Monday, October 16th. UBS Group started coverage on shares of Viper Energy Partners in a report on Monday, October 2nd. They issued a “neutral” rating and a $18.00 price target on the stock. BidaskClub upgraded shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Zacks Investment Research cut shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Northland Securities restated a “buy” rating and set a $24.00 target price on shares of Viper Energy Partners in a report on Thursday, October 12th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $23.36.

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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.

Institutional Ownership by Quarter for Viper Energy Partners (NASDAQ:VNOM)

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