Shares of Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) have been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.13.
A number of equities research analysts have issued reports on VNOM shares. Raymond James lifted their target price on shares of Viper Energy Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Piper Sandler lifted their target price on shares of Viper Energy Partners to $39.00 and gave the company a “na” rating in a research note on Wednesday, May 18th. Truist Financial lifted their price objective on shares of Viper Energy Partners from $40.00 to $45.00 in a research note on Thursday, April 21st. StockNews.com initiated coverage on shares of Viper Energy Partners in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Barclays lifted their price objective on shares of Viper Energy Partners from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday.
Shares of NASDAQ:VNOM opened at $28.75 on Friday. The firm has a fifty day moving average of $30.98 and a two-hundred day moving average of $27.93. The firm has a market capitalization of $4.82 billion, a P/E ratio of 27.38 and a beta of 2.07. Viper Energy Partners has a 12-month low of $15.98 and a 12-month high of $35.85. The company has a quick ratio of 3.68, a current ratio of 3.68 and a debt-to-equity ratio of 0.32.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last issued its earnings results on Monday, May 2nd. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.10). The company had revenue of $201.90 million for the quarter, compared to analyst estimates of $173.84 million. Viper Energy Partners had a net margin of 12.72% and a return on equity of 3.22%. During the same period last year, the business earned ($0.08) EPS. Equities research analysts expect that Viper Energy Partners will post 1.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 19th. Investors of record on Thursday, May 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 9.32%. The ex-dividend date was Wednesday, May 11th. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.47. Viper Energy Partners’s dividend payout ratio (DPR) is 255.24%.
In related news, major shareholder Holdings L.P. Blackstone III sold 6,200 shares of Viper Energy Partners stock in a transaction on Friday, April 1st. The shares were sold at an average price of $30.06, for a total value of $186,372.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 321,002 shares of company stock worth $10,386,857 in the last quarter. Insiders own 0.30% of the company’s stock.
Several large investors have recently bought and sold shares of VNOM. Wellington Management Group LLP increased its stake in Viper Energy Partners by 0.6% in the third quarter. Wellington Management Group LLP now owns 9,305,450 shares of the oil and gas producer’s stock valued at $203,324,000 after acquiring an additional 52,959 shares during the period. Cardinal Capital Management LLC CT increased its stake in Viper Energy Partners by 6.8% in the first quarter. Cardinal Capital Management LLC CT now owns 3,028,295 shares of the oil and gas producer’s stock valued at $89,547,000 after acquiring an additional 192,221 shares during the period. Eagle Asset Management Inc. increased its stake in Viper Energy Partners by 3.9% in the first quarter. Eagle Asset Management Inc. now owns 2,694,987 shares of the oil and gas producer’s stock valued at $79,690,000 after acquiring an additional 101,910 shares during the period. Bank of New York Mellon Corp increased its stake in Viper Energy Partners by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 2,458,876 shares of the oil and gas producer’s stock valued at $53,727,000 after acquiring an additional 289,370 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Viper Energy Partners by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,407,639 shares of the oil and gas producer’s stock valued at $51,307,000 after acquiring an additional 98,290 shares during the period. Institutional investors own 47.03% of the company’s stock.
Viper Energy Partners Company Profile (Get Rating)
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent.
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