Cushing Asset Management LP purchased a new stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 16,000 shares of the oil and gas producer’s stock, valued at approximately $373,000.
A number of other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Viper Energy Partners by 3.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,954,771 shares of the oil and gas producer’s stock worth $92,265,000 after purchasing an additional 121,683 shares during the period. HITE Hedge Asset Management LLC raised its holdings in shares of Viper Energy Partners by 320.9% during 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 during the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of Viper Energy Partners by 24.0% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,528,595 shares of the oil and gas producer’s stock valued at $35,656,000 after acquiring an additional 295,395 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of Viper Energy Partners during the third quarter valued at approximately $13,619,000. Finally, RR Advisors LLC raised its holdings in shares of Viper Energy Partners by 11.0% during the third quarter. RR Advisors LLC now owns 657,000 shares of the oil and gas producer’s stock valued at $12,229,000 after acquiring an additional 65,000 shares during the last quarter. Institutional investors and hedge funds own 26.92% of the company’s stock.
A number of equities analysts have commented on VNOM shares. SunTrust Banks reissued a “buy” rating and set a $32.00 target price on shares of Viper Energy Partners in a report on Tuesday, February 6th. UBS Group raised Viper Energy Partners from a “neutral” rating to a “buy” rating and increased their target price for the company from $19.00 to $27.00 in a report on Tuesday, December 5th. BidaskClub raised Viper Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Imperial Capital set a $27.00 target price on Viper Energy Partners and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, Deutsche Bank started coverage on Viper Energy Partners in a report on Thursday, February 1st. They set a “buy” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. Viper Energy Partners has an average rating of “Buy” and a consensus target price of $26.92.
Viper Energy Partners LP (VNOM) opened at $22.42 on Friday. The firm has a market capitalization of $2,550.00, a P/E ratio of 21.35 and a beta of 1.04. Viper Energy Partners LP has a 52-week low of $14.76 and a 52-week high of $26.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 9.86 and a quick ratio of 9.86.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $59.20 million during the quarter, compared to analyst estimates of $51.28 million. Viper Energy Partners had a return on equity of 13.92% and a net margin of 64.80%. The firm’s revenue for the quarter was up 112.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. analysts anticipate that Viper Energy Partners LP will post 1.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 19th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 8.21%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, February 15th. Viper Energy Partners’s dividend payout ratio is presently 175.24%.
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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.
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