Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) – Capital One Financial cut their Q4 2022 earnings per share (EPS) estimates for Viper Energy Partners in a research note issued to investors on Monday, January 23rd. Capital One Financial analyst B. Velie now expects that the oil and gas producer will earn $0.27 per share for the quarter, down from their prior estimate of $0.28. The consensus estimate for Viper Energy Partners’ current full-year earnings is $1.93 per share. Capital One Financial also issued estimates for Viper Energy Partners’ Q1 2023 earnings at $0.40 EPS, Q2 2023 earnings at $0.42 EPS, Q3 2023 earnings at $0.43 EPS, Q4 2023 earnings at $0.45 EPS, FY2023 earnings at $1.69 EPS and FY2024 earnings at $1.75 EPS.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last posted its earnings results on Monday, November 7th. The oil and gas producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.58. The company 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%.
Viper Energy Partners Stock Performance
Shares of VNOM opened at $32.90 on Tuesday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $31.75 and a two-hundred day simple moving average of $31.01. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 14.82 and a beta of 1.89. Viper Energy Partners has a 52 week low of $23.51 and a 52 week high of $36.10.
Institutional Investors Weigh In On Viper Energy Partners
Several institutional investors have recently modified their holdings of VNOM. Allspring Global Investments Holdings LLC bought a new stake in shares of Viper Energy Partners in the 3rd quarter valued at approximately $10,555,000. Horizon Kinetics Asset Management LLC lifted its stake in shares of Viper Energy Partners by 14.4% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 2,519,252 shares of the oil and gas producer’s stock valued at $67,214,000 after purchasing an additional 316,238 shares during the last quarter. Natixis lifted its stake in shares of Viper Energy Partners by 100.1% in the 2nd quarter. Natixis now owns 405,400 shares of the oil and gas producer’s stock valued at $10,816,000 after purchasing an additional 202,800 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Viper Energy Partners by 44.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 654,046 shares of the oil and gas producer’s stock valued at $17,450,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of Viper Energy Partners in the 2nd quarter valued at approximately $5,336,000. 40.22% of the stock is owned by institutional investors.
Insider Buying and Selling at Viper Energy Partners
In other Viper Energy Partners news, major shareholder Holdings L.P. Blackstone III sold 128,200 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $33.83, for a total transaction of $4,337,006.00. Following the completion of the transaction, the insider now owns 10,134,728 shares in the company, valued at approximately $342,857,848.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 751,046 shares of company stock worth $25,741,372 in the last quarter. 0.30% of the stock is owned by corporate insiders.
Viper Energy Partners Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 17th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.96%. The ex-dividend date was Wednesday, November 16th. Viper Energy Partners’s dividend payout ratio is presently 45.05%.
About Viper Energy Partners
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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