Shares of Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) have received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $37.67.
Several research analysts have recently commented on VNOM shares. Barclays decreased their price target on shares of Viper Energy Partners from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, August 31st. Piper Sandler decreased their price target on shares of Viper Energy Partners from $39.00 to $37.00 in a report on Friday, July 22nd. KeyCorp started coverage on shares of Viper Energy Partners in a report on Monday, September 19th. They issued an "overweight" rating and a $39.00 price target for the company. StockNews.com lowered shares of Viper Energy Partners from a "buy" rating to a "hold" rating in a report on Friday, July 15th. Finally, Raymond James lifted their price target on shares of Viper Energy Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, August 30th.
Get Viper Energy Partners alerts:Insider Activity at Viper Energy Partners
In other Viper Energy Partners news, major shareholder Holdings L.P. Blackstone III sold 7,200 shares of the business's stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $32.68, for a total transaction of $235,296.00. Following the sale, the insider now directly owns 862,800 shares in the company, valued at approximately $28,196,304. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 90,200 shares of company stock worth $2,969,316 in the last ninety days. 0.30% of the stock is owned by insiders.
Institutional Trading of Viper Energy Partners
A number of hedge funds and other institutional investors have recently made changes to their positions in VNOM. Total Clarity Wealth Management Inc. bought a new stake in shares of Viper Energy Partners during the 2nd quarter worth about $32,000. CoreCap Advisors LLC bought a new stake in shares of Viper Energy Partners during the 2nd quarter worth about $37,000. US Bancorp DE raised its holdings in shares of Viper Energy Partners by 100.0% in the 2nd quarter. US Bancorp DE now owns 2,000 shares of the oil and gas producer's stock worth $54,000 after purchasing an additional 1,000 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Viper Energy Partners by 20.2% in the 2nd quarter. Larson Financial Group LLC now owns 2,205 shares of the oil and gas producer's stock worth $59,000 after purchasing an additional 370 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Viper Energy Partners by 14.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,266 shares of the oil and gas producer's stock worth $133,000 after purchasing an additional 788 shares in the last quarter. 43.41% of the stock is currently owned by institutional investors.Viper Energy Partners Price Performance
Shares of VNOM stock opened at $26.87 on Monday. The firm has a market cap of $4.46 billion, a P/E ratio of 18.92 and a beta of 2.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.21 and a quick ratio of 5.21. Viper Energy Partners has a 1-year low of $19.19 and a 1-year high of $35.85. The firm has a fifty day moving average of $30.06 and a two-hundred day moving average of $29.82.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last announced its quarterly earnings data on Monday, August 1st. The oil and gas producer reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $239.32 million during the quarter, compared to analyst estimates of $219.91 million. Viper Energy Partners had a net margin of 14.55% and a return on equity of 4.34%. The firm's revenue for the quarter was up 109.7% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. As a group, research analysts anticipate that Viper Energy Partners will post 1.58 earnings per share for the current fiscal year.
Viper Energy Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 16th were given a $0.81 dividend. The ex-dividend date was Monday, August 15th. This is an increase from Viper Energy Partners's previous quarterly dividend of $0.67. This represents a $3.24 annualized dividend and a yield of 12.06%. Viper Energy Partners's dividend payout ratio (DPR) is currently 228.17%.
Viper Energy Partners Company Profile
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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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