Raymond James Financial Services Advisors Inc. Sells 1,900 Shares of Viper Energy Partners LP (NASDAQ:VNOM)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Viper Energy Partners LP (NASDAQ:VNOMGet Rating) by 6.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 26,186 shares of the oil and gas producer’s stock after selling 1,900 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Viper Energy Partners were worth $750,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. bought a new stake in Viper Energy Partners during the second quarter worth $32,000. Howard Financial Services LTD. raised its holdings in shares of Viper Energy Partners by 2.2% in the second quarter. Howard Financial Services LTD. now owns 19,771 shares of the oil and gas producer’s stock valued at $527,000 after purchasing an additional 435 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Viper Energy Partners by 6.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 91,688 shares of the oil and gas producer’s stock valued at $2,446,000 after purchasing an additional 5,447 shares in the last quarter. Cetera Investment Advisers purchased a new position in Viper Energy Partners during the second quarter worth about $425,000. Finally, Atria Investments LLC bought a new stake in Viper Energy Partners in the 2nd quarter worth about $1,084,000. 40.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Viper Energy Partners

In related news, major shareholder Holdings L.P. Blackstone III sold 47,846 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $33.14, for a total transaction of $1,585,616.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 836,046 shares of company stock valued at $28,605,022. 0.30% of the stock is currently owned by corporate insiders.

Viper Energy Partners Stock Performance

Shares of VNOM stock opened at $32.69 on Tuesday. The firm’s 50 day moving average is $31.76 and its 200 day moving average is $30.96. The stock has a market capitalization of $5.39 billion, a P/E ratio of 14.73 and a beta of 1.89. Viper Energy Partners LP has a 12 month low of $23.51 and a 12 month high of $36.10. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.29.

Viper Energy Partners (NASDAQ:VNOMGet Rating) last posted its earnings results on Monday, November 7th. The oil and gas producer reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.58. The firm had revenue of $221.62 million for the quarter, compared to the consensus estimate of $213.72 million. Viper Energy Partners had a return on equity of 6.79% and a net margin of 20.45%. On average, sell-side analysts anticipate that Viper Energy Partners LP will post 1.93 earnings per share for the current year.

Viper Energy Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Thursday, November 17th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Wednesday, November 16th. Viper Energy Partners’s dividend payout ratio is presently 45.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on Viper Energy Partners from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 19th. StockNews.com lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 18th. TD Securities boosted their price target on shares of Viper Energy Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 8th. Raymond James decreased their price objective on shares of Viper Energy Partners from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, October 24th. Finally, KeyCorp dropped 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Viper Energy Partners has a consensus rating of “Moderate Buy” and a consensus target price of $37.56.

About Viper Energy Partners

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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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Institutional Ownership by Quarter for Viper Energy Partners (NASDAQ:VNOM)

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