CI Investments Inc. decreased its stake in Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,187 shares of the oil and gas producer’s stock after selling 13,314 shares during the quarter. CI Investments Inc. owned approximately 0.11% of Viper Energy Partners worth $5,250,000 at the end of the most recent quarter.
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Several other institutional investors have also bought and sold shares of VNOM. JPMorgan Chase & Co. boosted its stake in Viper Energy Partners by 88.1% in the 1st quarter. JPMorgan Chase & Co. now owns 148,739 shares of the oil and gas producer’s stock valued at $4,397,000 after buying an additional 69,651 shares in the last quarter. Raymond James & Associates boosted its stake in Viper Energy Partners by 17.9% in the first quarter. Raymond James & Associates now owns 46,672 shares of the oil and gas producer’s stock worth $1,380,000 after purchasing an additional 7,092 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Viper Energy Partners by 36.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 22,308 shares of the oil and gas producer’s stock worth $660,000 after purchasing an additional 5,985 shares in the last quarter. BlackRock Inc. boosted its stake in Viper Energy Partners by 22.2% in the first quarter. BlackRock Inc. now owns 191,522 shares of the oil and gas producer’s stock worth $5,664,000 after purchasing an additional 34,839 shares in the last quarter. Finally, Blair William & Co. IL acquired a new position in Viper Energy Partners in the first quarter worth $226,000. Institutional investors and hedge funds own 40.22% of the company’s stock.
Insider Activity at Viper Energy Partners
In other Viper Energy Partners news, major shareholder Holdings L.P. Blackstone III sold 205,500 shares of the stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $33.00, for a total value of $6,781,500.00. Following the completion of the sale, the insider now directly owns 9,844,228 shares in the company, valued at $324,859,524. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have commented on VNOM. TheStreet lowered Viper Energy Partners from a “b” rating to a “c+” rating in a research note on Tuesday, February 21st. Roth Capital reissued a “buy” rating on shares of Viper Energy Partners in a research note on Tuesday, February 21st. Truist Financial dropped their target price on Viper Energy Partners from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, February 21st. StockNews.com upgraded Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, February 22nd. Finally, TD Securities boosted their target price on Viper Energy Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $37.00.
Viper Energy Partners Trading Up 4.5 %
NASDAQ VNOM opened at $29.91 on Thursday. The stock has a 50-day simple moving average of $31.19 and a 200 day simple moving average of $31.44. The company has a market capitalization of $4.93 billion, a PE ratio of 14.88 and a beta of 1.89. The company has a current ratio of 5.41, a quick ratio of 4.96 and a debt-to-equity ratio of 0.25. Viper Energy Partners LP has a 12 month low of $23.51 and a 12 month high of $36.10.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The oil and gas producer reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $203.60 million during the quarter, compared to the consensus estimate of $181.99 million. Viper Energy Partners had a return on equity of 6.38% and a net margin of 17.50%. The firm’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. Research analysts forecast that Viper Energy Partners LP will post 1.41 EPS for the current year.
Viper Energy Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, March 3rd will be issued a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a $1.96 dividend on an annualized basis and a yield of 6.55%. Viper Energy Partners’s dividend payout ratio is presently 49.75%.
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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