109,953 Shares in Viper Energy Partners LP (VNOM) Acquired by LMR Partners LLP
LMR Partners LLP bought a new stake in Viper Energy Partners LP (NASDAQ:VNOM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 109,953 shares of the oil and gas producer’s stock, valued at approximately $2,050,000. LMR Partners LLP owned about 0.10% of Viper Energy Partners at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of VNOM. CI Global Investments Inc. increased its holdings in Viper Energy Partners by 111.9% in the third quarter. CI Global Investments Inc. now owns 4,098,552 shares of the oil and gas producer’s stock valued at $76,397,000 after buying an additional 2,164,352 shares during the last quarter. Boston Partners increased its holdings in Viper Energy Partners by 27.4% in the third quarter. Boston Partners now owns 2,127,350 shares of the oil and gas producer’s stock valued at $39,654,000 after buying an additional 457,308 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Viper Energy Partners by 54.5% in the second quarter. Kayne Anderson Capital Advisors LP now owns 960,000 shares of the oil and gas producer’s stock valued at $15,069,000 after buying an additional 338,500 shares during the last quarter. FMR LLC increased its holdings in Viper Energy Partners by 26.2% in the second quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock valued at $22,845,000 after buying an additional 302,400 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Viper Energy Partners in the second quarter valued at $1,664,000. 22.81% of the stock is currently owned by hedge funds and other institutional investors.
Viper Energy Partners LP (VNOM) opened at $20.00 on Friday. The stock has a market capitalization of $2,243.48, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. Viper Energy Partners LP has a twelve month low of $14.76 and a twelve month high of $20.81. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.88 million. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The business’s quarterly revenue was up 111.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. sell-side analysts forecast that Viper Energy Partners LP will post 0.97 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were issued a dividend of $0.337 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 6.74%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.33. Viper Energy Partners’s dividend payout ratio (DPR) is currently 153.41%.
Several research firms recently commented on VNOM. Northland Securities reissued a “buy” rating and issued a $24.00 target price on shares of Viper Energy Partners in a report on Tuesday, September 5th. Imperial Capital began coverage on Viper Energy Partners in a report on Tuesday, August 15th. They issued an “outperform” rating and a $21.00 target price on the stock. TheStreet raised Viper Energy Partners from a “c+” rating to a “b-” rating in a report on Monday, August 14th. Piper Jaffray Companies dropped their price objective on Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viper Energy Partners in a report on Sunday, September 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.45.
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Viper Energy Partners Profile
Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.
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