First National Trust Co bought a new stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,614 shares of the oil and gas producer’s stock, valued at approximately $278,000.
Several other institutional investors have also made changes to their positions in VNOM. Raymond James & Associates raised its holdings in shares of Viper Energy Partners by 911.9% during the second quarter. Raymond James & Associates now owns 1,352,117 shares of the oil and gas producer’s stock valued at $43,146,000 after acquiring an additional 1,218,494 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of Viper Energy Partners by 31.9% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,969,595 shares of the oil and gas producer’s stock valued at $62,843,000 after acquiring an additional 476,000 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Viper Energy Partners by 2,165.2% during the second quarter. Millennium Management LLC now owns 491,569 shares of the oil and gas producer’s stock valued at $15,686,000 after acquiring an additional 469,868 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Viper Energy Partners by 66,794.9% during the second quarter. Toronto Dominion Bank now owns 368,591 shares of the oil and gas producer’s stock valued at $11,761,000 after acquiring an additional 368,040 shares in the last quarter. Finally, ING Groep NV bought a new position in shares of Viper Energy Partners during the second quarter valued at approximately $7,090,000. Institutional investors own 24.89% of the company’s stock.
In related news, President Hof Matthew Kaes Van’t sold 14,800 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $38.71, for a total value of $572,908.00. Following the sale, the president now directly owns 72,473 shares of the company’s stock, valued at $2,805,429.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on VNOM shares. TD Securities set a $39.00 target price on Viper Energy Partners and gave the company a “buy” rating in a report on Wednesday, August 1st. BidaskClub upgraded Viper Energy Partners from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Stifel Nicolaus upgraded Viper Energy Partners from a “hold” rating to a “buy” rating and upped their target price for the company from $38.00 to $42.00 in a report on Thursday, August 16th. Northland Securities set a $45.00 price target on Viper Energy Partners and gave the stock a “buy” rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research raised Viper Energy Partners from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, August 21st. Two research analysts have rated the stock with a hold rating, thirteen have assigned 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 $40.29.
Shares of VNOM stock opened at $32.44 on Friday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 29.23 and a beta of 1.15. Viper Energy Partners LP has a twelve month low of $18.36 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 23.74 and a current ratio of 13.32.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, October 29th. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.36). The firm had revenue of $78.60 million during the quarter, compared to analysts’ expectations of $78.65 million. Viper Energy Partners had a return on equity of 10.95% and a net margin of 67.73%. Viper Energy Partners’s revenue for the quarter was up 84.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. As a group, equities analysts anticipate that Viper Energy Partners LP will post 1.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, November 12th will be paid a $0.58 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.32 annualized dividend and a yield of 7.15%. Viper Energy Partners’s payout ratio is 224.30%.
About Viper Energy Partners
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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