Viper Energy Partners (NASDAQ:VNOM) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Viper Energy Partners (NASDAQ:VNOM – Get Rating) in a research report report published on Thursday morning. The firm issued a buy rating on the oil and gas producer’s stock.

VNOM has been the topic of a number of other reports. Piper Sandler lowered their target price on shares of Viper Energy Partners from $41.00 to $38.00 and set an overweight rating on the stock in a research note on Tuesday, March 7th. Truist Financial lowered their target price on shares of Viper Energy Partners from $43.00 to $40.00 and set a buy rating on the stock in a research note on Tuesday, February 21st. TheStreet downgraded shares of Viper Energy Partners from a b rating to a c+ rating in a research note on Tuesday, February 21st. Roth Capital reaffirmed a buy rating on shares of Viper Energy Partners in a research note on Tuesday, February 21st. Finally, KeyCorp lowered their target price on shares of Viper Energy Partners from $39.00 to $37.00 and set an overweight rating on the stock in a research note on Thursday, December 8th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Viper Energy Partners currently has a consensus rating of Buy and an average price target of $37.11.

Viper Energy Partners Price Performance

Shares of NASDAQ:VNOM opened at $27.03 on Thursday. The company has a quick ratio of 5.41, a current ratio of 5.41 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.42 billion, a PE ratio of 13.45 and a beta of 1.89. Viper Energy Partners has a twelve month low of $23.51 and a twelve month high of $36.10. The company has a 50-day moving average price of $30.63 and a two-hundred day moving average price of $31.24.

Viper Energy Partners (NASDAQ:VNOM – Get Rating) last issued its earnings results on Tuesday, February 21st. The oil and gas producer reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Viper Energy Partners had a net margin of 17.50% and a return on equity of 6.38%. The firm had revenue of $203.60 million during the quarter, compared to analyst estimates of $181.99 million. During the same quarter last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. Equities analysts forecast that Viper Energy Partners will post 1.33 EPS for the current year.

Viper Energy Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, March 3rd were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 7.25%. The ex-dividend date was Thursday, March 2nd. Viper Energy Partners’s dividend payout ratio (DPR) is presently 49.75%.

Insiders Place Their Bets

In other news, Director Spencer D. Armour III bought 4,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were purchased at an average price of $26.44 per share, for a total transaction of $105,760.00. Following the completion of the acquisition, the director now owns 36,124 shares of the company’s stock, valued at $955,118.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Holdings L.P. Blackstone III sold 205,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $33.00, for a total value of $6,781,500.00. Following the transaction, the insider now owns 9,844,228 shares in the company, valued at $324,859,524. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spencer D. Armour III bought 4,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average price of $26.44 per share, for a total transaction of $105,760.00. Following the acquisition, the director now directly owns 36,124 shares of the company’s stock, valued at approximately $955,118.56. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VNOM. CoreCap Advisors LLC bought a new stake in Viper Energy Partners in the second quarter valued at $37,000. Sentry Investment Management LLC bought a new stake in Viper Energy Partners in the third quarter valued at $47,000. State of Wyoming bought a new stake in Viper Energy Partners in the fourth quarter valued at $57,000. Dark Forest Capital Management LP bought a new stake in Viper Energy Partners in the fourth quarter valued at $93,000. Finally, Great West Life Assurance Co. Can bought a new stake in Viper Energy Partners in the third quarter valued at $99,000. Institutional investors own 40.22% of the company’s stock.

Viper Energy Partners Company Profile

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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.