Eagle Asset Management Inc. lessened its position in Viper Energy Partners LP (NASDAQ:VNOM) by 0.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,593,869 shares of the oil and gas producer’s stock after selling 11,029 shares during the quarter. Eagle Asset Management Inc.’s holdings in Viper Energy Partners were worth $71,772,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Arlington Partners LLC acquired a new stake in shares of Viper Energy Partners in the 2nd quarter valued at $46,000. Royal Bank of Canada acquired a new stake in shares of Viper Energy Partners in the 2nd quarter valued at $83,000. San Francisco Sentry Investment Group CA raised its holdings in shares of Viper Energy Partners by 15.4% in the second quarter. San Francisco Sentry Investment Group CA now owns 3,375 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 450 shares during the last quarter. Keybank National Association OH bought a new position in shares of Viper Energy Partners in the second quarter valued at about $210,000. Finally, Jane Street Group LLC raised its holdings in shares of Viper Energy Partners by 31.1% in the second quarter. Jane Street Group LLC now owns 7,033 shares of the oil and gas producer’s stock valued at $217,000 after buying an additional 1,670 shares during the last quarter. Institutional investors own 38.79% of the company’s stock.
A number of research firms recently issued reports on VNOM. TheStreet raised Viper Energy Partners from a “c+” rating to a “b” rating in a report on Tuesday, October 29th. Goldman Sachs Group began coverage on Viper Energy Partners in a report on Wednesday, September 25th. They issued a “buy” rating and a $35.00 price target for the company. TD Securities cut their price target on Viper Energy Partners from $48.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Viper Energy Partners in a report on Tuesday, September 17th. Finally, Evercore ISI began coverage on Viper Energy Partners in a report on Tuesday, July 30th. They issued an “outperform” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $39.88.
Shares of NASDAQ:VNOM opened at $25.00 on Friday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 23.15 and a beta of 1.29. Viper Energy Partners LP has a 1-year low of $22.76 and a 1-year high of $36.73. The company has a current ratio of 14.44, a quick ratio of 14.44 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $26.72 and a two-hundred day moving average price of $29.21.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $71.79 million for the quarter, compared to the consensus estimate of $73.40 million. Viper Energy Partners had a return on equity of 0.95% and a net margin of 15.51%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, equities analysts predict that Viper Energy Partners LP will post 0.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.46 per share. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.22. This represents a $1.84 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Thursday, November 7th. Viper Energy Partners’s payout ratio is currently 174.07%.
About Viper Energy Partners
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.
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