Shares of Viper Energy Partners LP (NASDAQ:VNOM) have earned an average rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $19.00.
VNOM has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of Viper Energy Partners from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, September 17th. Raymond James increased their price target on shares of Viper Energy Partners from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, August 12th. Barclays increased their price target on shares of Viper Energy Partners from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, June 3rd. Finally, Citigroup increased their price target on shares of Viper Energy Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, July 21st.
VNOM stock traded up $0.56 during mid-day trading on Thursday, reaching $20.91. 283,826 shares of the stock traded hands, compared to its average volume of 517,674. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. Viper Energy Partners has a 52 week low of $6.52 and a 52 week high of $21.07. The business has a 50-day moving average of $18.24 and a two-hundred day moving average of $17.82. The firm has a market capitalization of $3.24 billion, a PE ratio of -52.23 and a beta of 2.80.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 19th. Shareholders of record on Thursday, August 12th were issued a $0.33 dividend. The ex-dividend date was Wednesday, August 11th. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.25. This represents a $1.32 annualized dividend and a yield of 6.31%. Viper Energy Partners’s dividend payout ratio (DPR) is 471.43%.
Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in shares of Viper Energy Partners by 63.7% during the 1st quarter. Larson Financial Group LLC now owns 2,688 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 1,046 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Viper Energy Partners during the 1st quarter worth about $46,000. Acadian Asset Management LLC bought a new stake in shares of Viper Energy Partners during the 1st quarter worth about $54,000. Quantbot Technologies LP bought a new stake in shares of Viper Energy Partners during the 1st quarter worth about $62,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in Viper Energy Partners in the 1st quarter worth about $77,000. Hedge funds and other institutional investors own 30.74% of the company’s stock.
About Viper Energy Partners
Viper Energy Partners LP engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.
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