Viper Energy Partners LP (NASDAQ:VNOM) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its holdings in Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,604 shares of the oil and gas producer’s stock after acquiring an additional 4,936 shares during the quarter. LPL Financial LLC’s holdings in Viper Energy Partners were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of VNOM. Great West Life Assurance Co. Can purchased a new stake in Viper Energy Partners during the third quarter valued at about $99,000. Ameliora Wealth Management Ltd. purchased a new stake in Viper Energy Partners during the third quarter valued at about $112,000. Arcus Capital Partners LLC purchased a new stake in Viper Energy Partners during the fourth quarter valued at about $141,000. Stephens Inc. AR lifted its stake in Viper Energy Partners by 1,042.6% during the fourth quarter. Stephens Inc. AR now owns 5,713 shares of the oil and gas producer’s stock valued at $182,000 after buying an additional 5,213 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in Viper Energy Partners during the fourth quarter valued at about $200,000. 40.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. TheStreet upgraded Viper Energy Partners from a “c+” rating to a “b” rating in a report on Monday, May 1st. StockNews.com assumed coverage on Viper Energy Partners in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Truist Financial upped their target price on Viper Energy Partners from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, April 11th. Piper Sandler dropped their price objective on Viper Energy Partners from $38.00 to $36.00 in a report on Thursday, May 18th. Finally, Stifel Nicolaus dropped their price objective on Viper Energy Partners from $33.00 to $32.00 in a report on Monday. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.11.

Viper Energy Partners Price Performance

Shares of VNOM stock opened at $27.24 on Tuesday. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 0.30. Viper Energy Partners LP has a 12 month low of $23.51 and a 12 month high of $36.10. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 12.05 and a beta of 1.92. The stock has a 50-day moving average price of $28.23 and a 200 day moving average price of $30.30.

Viper Energy Partners (NASDAQ:VNOM – Get Rating) last released its quarterly earnings data on Monday, May 1st. The oil and gas producer reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.27. Viper Energy Partners had a return on equity of 7.26% and a net margin of 20.28%. The business had revenue of $168.96 million for the quarter, compared to analysts’ expectations of $161.52 million. During the same quarter in the previous year, the business posted $0.23 EPS. Viper Energy Partners’s revenue for the quarter was down 16.3% on a year-over-year basis. Research analysts expect that Viper Energy Partners LP will post 1.26 EPS for the current year.

Viper Energy Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Thursday, May 11th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Wednesday, May 10th. Viper Energy Partners’s payout ratio is 44.25%.

Insiders Place Their Bets

In other Viper Energy Partners news, major shareholder Holdings L.P. Blackstone III sold 180,000 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $30.63, for a total transaction of $5,513,400.00. Following the transaction, the insider now owns 8,812,747 shares of the company’s stock, valued at approximately $269,934,440.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Frank C. Hu purchased 2,000 shares of Viper Energy Partners stock in a transaction that occurred on Monday, March 20th. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $55,000.00. Following the purchase, the director now directly owns 5,907 shares of the company’s stock, valued at approximately $162,442.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings L.P. Blackstone III sold 180,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $30.63, for a total value of $5,513,400.00. Following the completion of the sale, the insider now owns 8,812,747 shares of the company’s stock, valued at $269,934,440.61. The disclosure for this sale can be found here. Insiders have sold 345,100 shares of company stock valued at $10,542,983 in the last 90 days. 0.30% of the stock is currently owned by insiders.

Viper Energy Partners Company Profile

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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.