Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) has earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.11.
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Several equities analysts have weighed in on VNOM shares. Roth Capital reaffirmed a “buy” rating on shares of Viper Energy Partners in a research note on Tuesday, February 21st. Truist Financial reduced their price target on Viper Energy Partners from $43.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 21st. TheStreet lowered Viper Energy Partners from a “b” rating to a “c+” rating in a report on Tuesday, February 21st. KeyCorp reduced their price target on Viper Energy Partners from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, December 8th. Finally, StockNews.com assumed coverage on Viper Energy Partners in a report on Thursday. They set a “buy” rating for the company.
Insider Transactions at Viper Energy Partners
In other news, major shareholder Holdings L.P. Blackstone III sold 205,500 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $33.00, for a total transaction of $6,781,500.00. Following the completion of the transaction, 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 SEC, which can be accessed through this link. In other news, Director Spencer D. Armour III acquired 4,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were acquired at an average cost of $26.44 per share, for a total transaction of $105,760.00. Following the completion of the transaction, the director now owns 36,124 shares in the company, valued at approximately $955,118.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings L.P. Blackstone III sold 205,500 shares of the business’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 sale, the insider now owns 9,844,228 shares in the company, valued at $324,859,524. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
Institutional Trading of Viper Energy Partners
A number of institutional investors and hedge funds have recently modified their holdings of VNOM. CoreCap Advisors LLC bought a new stake in shares of Viper Energy Partners during the second quarter valued at approximately $37,000. Sentry Investment Management LLC bought a new stake in shares of Viper Energy Partners during the third quarter valued at approximately $47,000. State of Wyoming bought a new stake in shares of Viper Energy Partners during the fourth quarter valued at approximately $57,000. Dark Forest Capital Management LP bought a new stake in shares of Viper Energy Partners during the fourth quarter valued at approximately $93,000. Finally, Great West Life Assurance Co. Can bought a new stake in shares of Viper Energy Partners in the third quarter worth about $99,000. 40.22% of the stock is currently owned by institutional investors.
Viper Energy Partners Trading Up 0.6 %
NASDAQ:VNOM opened at $27.03 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 5.41 and a quick ratio of 5.41. Viper Energy Partners has a fifty-two week low of $23.51 and a fifty-two week high of $36.10. The stock’s 50-day moving average is $30.63 and its two-hundred day moving average is $31.24. The stock has a market cap of $4.42 billion, a PE ratio of 13.45 and a beta of 1.89.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last released its earnings results on Tuesday, February 21st. The oil and gas producer reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Viper Energy Partners had a return on equity of 6.38% and a net margin of 17.50%. The company had revenue of $203.60 million for the quarter, compared to analysts’ expectations of $181.99 million. During the same quarter in the previous year, the business posted $0.36 EPS. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, equities research analysts forecast that Viper Energy Partners will post 1.33 earnings per share for the current fiscal year.
Viper Energy Partners Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, March 3rd were issued a $0.49 dividend. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $1.96 annualized dividend and a yield of 7.25%. Viper Energy Partners’s dividend payout ratio (DPR) is currently 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.
Further Reading
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Source: marketbeat.com
