Several other brokerages have also issued reports on VNOM. BidaskClub raised shares of Viper Energy Partners from a hold rating to a buy rating in a report on Thursday, February 14th. Zacks Investment Research raised shares of Viper Energy Partners from a sell rating to a hold rating in a report on Tuesday, March 12th. Northland Securities reaffirmed a buy rating and issued a $38.00 price objective on shares of Viper Energy Partners in a research report on Wednesday. Raymond James set a $50.00 price objective on shares of Viper Energy Partners and gave the company a buy rating in a research report on Friday, March 1st. Finally, Imperial Capital reaffirmed an outperform rating and issued a $37.00 price objective (up from $35.00) on shares of Viper Energy Partners in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $42.08.
Shares of VNOM stock traded up $0.10 on Friday, hitting $31.89. The stock had a trading volume of 502,767 shares, compared to its average volume of 588,469. Viper Energy Partners has a twelve month low of $22.76 and a twelve month high of $44.00. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 29.53 and a beta of 1.30. The company has a quick ratio of 10.84, a current ratio of 10.84 and a debt-to-equity ratio of 0.33.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a $0.38 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 4.77%. Viper Energy Partners’s dividend payout ratio is currently 188.89%.
In related news, President Hof Matthew Kaes Van’t sold 2,300 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.51, for a total value of $77,073.00. Following the sale, the president now directly owns 44,624 shares of the company’s stock, valued at approximately $1,495,350.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
Large investors have recently modified their holdings of the business. Man Group plc bought a new stake in Viper Energy Partners during the 3rd quarter worth about $583,000. CI Investments Inc. bought a new stake in Viper Energy Partners during the 4th quarter worth about $37,850,000. Spirit of America Management Corp NY lifted its position in Viper Energy Partners by 6.8% during the 1st quarter. Spirit of America Management Corp NY now owns 409,746 shares of the oil and gas producer’s stock worth $13,587,000 after buying an additional 26,157 shares in the last quarter. Dividend Assets Capital LLC lifted its position in Viper Energy Partners by 2.1% during the 4th quarter. Dividend Assets Capital LLC now owns 226,466 shares of the oil and gas producer’s stock worth $5,897,000 after buying an additional 4,652 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Viper Energy Partners by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,064,741 shares of the oil and gas producer’s stock worth $44,825,000 after buying an additional 167,826 shares in the last quarter. 32.26% of the stock is currently owned by hedge funds and other institutional investors.
About Viper Energy Partners
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.
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