We Are One Seven LLC raised its position in shares of Viper Energy Partners LP (NASDAQ:VNOM – Get Rating) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,713 shares of the oil and gas producer’s stock after buying an additional 4,654 shares during the quarter. We Are One Seven LLC’s holdings in Viper Energy Partners were worth $633,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in VNOM. Cardinal Capital Management LLC CT lifted its position in Viper Energy Partners by 13.5% during the third quarter. Cardinal Capital Management LLC CT now owns 2,780,414 shares of the oil and gas producer’s stock valued at $60,752,000 after buying an additional 331,032 shares during the period. Boston Partners lifted its position in Viper Energy Partners by 20.9% during the third quarter. Boston Partners now owns 1,713,953 shares of the oil and gas producer’s stock valued at $37,538,000 after buying an additional 296,239 shares during the period. Comerica Bank lifted its position in Viper Energy Partners by 46.6% during the third quarter. Comerica Bank now owns 912,870 shares of the oil and gas producer’s stock valued at $17,429,000 after buying an additional 290,055 shares during the period. Bank of New York Mellon Corp lifted its position in Viper Energy Partners by 13.3% during the third quarter. Bank of New York Mellon Corp now owns 2,458,876 shares of the oil and gas producer’s stock valued at $53,727,000 after buying an additional 289,370 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Viper Energy Partners by 13.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,309,349 shares of the oil and gas producer’s stock valued at $50,459,000 after buying an additional 267,725 shares during the period. 47.03% of the stock is owned by institutional investors and hedge funds.
In other Viper Energy Partners news, major shareholder Holdings L.P. Blackstone III sold 210,000 shares of the business’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $29.38, for a total transaction of $6,169,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven E. West sold 60,000 shares of the business’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $28.37, for a total value of $1,702,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 831,436 shares of company stock valued at $24,701,964. Corporate insiders own 0.30% of the company’s stock.
Viper Energy Partners (NASDAQ:VNOM – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The oil and gas producer reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03). Viper Energy Partners had a return on equity of 3.32% and a net margin of 12.72%. During the same period in the prior year, the company earned ($0.08) earnings per share. On average, equities analysts predict that Viper Energy Partners LP will post 1.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.67 per share. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.47. This represents a $2.68 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Wednesday, May 11th. Viper Energy Partners’s payout ratio is currently 179.05%.
Several equities analysts have commented on the company. Raymond James raised their price objective on Viper Energy Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, April 25th. Truist Financial raised their price target on Viper Energy Partners from $40.00 to $45.00 in a report on Thursday, April 21st. Zacks Investment Research upgraded Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Wednesday, March 16th. KeyCorp raised their price target on Viper Energy Partners from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, April 11th. Finally, Barclays raised their price target on Viper Energy Partners from $25.00 to $35.00 in a report on Thursday, April 28th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Viper Energy Partners has a consensus rating of “Buy” and a consensus price target of $34.89.
Viper Energy Partners Company Profile (Get Rating)
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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