Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) major shareholder Holdings L.P. Blackstone III sold 7,200 shares of the business’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $32.68, for a total value of $235,296.00. Following the completion of the transaction, the insider now directly owns 862,800 shares of the company’s stock, valued at $28,196,304. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Holdings L.P. Blackstone III also recently made the following trade(s):
- On Tuesday, August 23rd, Holdings L.P. Blackstone III sold 41,500 shares of Viper Energy Partners stock. The stock was sold at an average price of $32.94, for a total value of $1,367,010.00.
- On Tuesday, August 23rd, Holdings L.P. Blackstone III sold 41,500 shares of Viper Energy Partners stock. The shares were sold at an average price of $32.94, for a total value of $1,367,010.00.
- On Wednesday, June 8th, Holdings L.P. Blackstone III sold 50,000 shares of Viper Energy Partners stock. The stock was sold at an average price of $35.39, for a total value of $1,769,500.00.
- On Monday, June 6th, Holdings L.P. Blackstone III sold 6,692 shares of Viper Energy Partners stock. The stock was sold at an average price of $35.05, for a total value of $234,554.60.
- On Thursday, June 2nd, Holdings L.P. Blackstone III sold 9,550 shares of Viper Energy Partners stock. The shares were sold at an average price of $34.02, for a total value of $324,891.00.
- On Tuesday, May 31st, Holdings L.P. Blackstone III sold 64,253 shares of Viper Energy Partners stock. The shares were sold at an average price of $33.21, for a total value of $2,133,842.13.
Viper Energy Partners Trading Up 1.2 %
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Shares of VNOM stock traded up $0.37 on Monday, hitting $31.90. The stock had a trading volume of 573,777 shares, compared to its average volume of 639,126. Viper Energy Partners LP has a twelve month low of $18.09 and a twelve month high of $35.85. The firm has a market cap of $5.29 billion, a P/E ratio of 22.46 and a beta of 2.07. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $28.28 and a two-hundred day moving average price of $29.48.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The oil and gas producer reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $239.32 million for the quarter, compared to analysts’ expectations of $219.91 million. Viper Energy Partners had a net margin of 14.55% and a return on equity of 4.34%. The firm’s revenue was up 109.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. As a group, analysts forecast that Viper Energy Partners LP will post 1.46 earnings per share for the current fiscal year.
Viper Energy Partners Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 16th were given a $0.81 dividend. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.67. This represents a $3.24 annualized dividend and a yield of 10.16%. The ex-dividend date of this dividend was Monday, August 15th. Viper Energy Partners’s payout ratio is currently 228.17%.
Institutional Investors Weigh In On Viper Energy Partners
Institutional investors have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. bought a new stake in Viper Energy Partners in the 2nd quarter valued at $32,000. CoreCap Advisors LLC bought a new stake in Viper Energy Partners during the 2nd quarter worth about $37,000. US Bancorp DE lifted its position in Viper Energy Partners by 100.0% during the 2nd quarter. US Bancorp DE now owns 2,000 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 1,000 shares in the last quarter. Larson Financial Group LLC lifted its position in Viper Energy Partners by 20.2% during the 2nd quarter. Larson Financial Group LLC now owns 2,205 shares of the oil and gas producer’s stock worth $59,000 after buying an additional 370 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Viper Energy Partners by 14.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,266 shares of the oil and gas producer’s stock worth $133,000 after buying an additional 788 shares in the last quarter. 47.03% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on VNOM shares. TD Securities increased their price objective on Viper Energy Partners from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Piper Sandler cut their price objective on Viper Energy Partners from $39.00 to $37.00 in a research report on Friday, July 22nd. MKM Partners initiated coverage on Viper Energy Partners in a research report on Wednesday, July 20th. They set a “buy” rating and a $31.00 price objective for the company. StockNews.com lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Finally, Credit Suisse Group increased their target price on shares of Viper Energy Partners to $37.00 in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.22.
Viper Energy Partners Company Profile
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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