Aurora Investment Counsel purchased a new stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 148,567 shares of the oil and gas producer’s stock, valued at approximately $3,466,000. Viper Energy Partners makes up 1.7% of Aurora Investment Counsel’s investment portfolio, making the stock its 2nd biggest holding. Aurora Investment Counsel owned about 0.13% of Viper Energy Partners at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Atlantic Trust Group LLC increased its stake in Viper Energy Partners by 237.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 111,075 shares of the oil and gas producer’s stock valued at $2,070,000 after purchasing an additional 78,184 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Viper Energy Partners by 16.8% in the third quarter. GSA Capital Partners LLP now owns 123,756 shares of the oil and gas producer’s stock worth $2,307,000 after acquiring an additional 17,794 shares during the period. Gen IV Investment Opportunities LLC increased its stake in shares of Viper Energy Partners by 390.8% in the third quarter. Gen IV Investment Opportunities LLC now owns 595,421 shares of the oil and gas producer’s stock worth $11,099,000 after acquiring an additional 474,100 shares during the period. RR Advisors LLC increased its stake in shares of Viper Energy Partners by 11.0% in the third quarter. RR Advisors LLC now owns 657,000 shares of the oil and gas producer’s stock worth $12,229,000 after acquiring an additional 65,000 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Viper Energy Partners by 10.1% in the third quarter. Wells Fargo & Company MN now owns 597,367 shares of the oil and gas producer’s stock worth $11,135,000 after acquiring an additional 54,752 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

A number of research firms have recently weighed in on VNOM. Citigroup increased their price objective on shares of Viper Energy Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Barclays set a $20.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Monday, October 16th. Northland Securities reiterated a “buy” rating and issued a $24.00 price objective on shares of Viper Energy Partners in a research note on Thursday, October 12th. Credit Suisse Group began coverage on shares of Viper Energy Partners in a research note on Monday, December 11th. They issued an “outperform” rating and a $25.00 price objective on the stock. Finally, BidaskClub upgraded shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Eleven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Viper Energy Partners presently has a consensus rating of “Buy” and a consensus price target of $23.36.

Viper Energy Partners LP (VNOM) traded down $0.30 during mid-day trading on Thursday, reaching $23.30. 496,700 shares of the company traded hands, compared to its average volume of 465,050. The firm has a market capitalization of $2,650.00, a price-to-earnings ratio of 26.78, a PEG ratio of 1.24 and a beta of 1.06. 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 LP has a 52 week low of $14.76 and a 52 week high of $24.09.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, beating the Thomson Reuters’ 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 net margin of 60.87% and a return on equity of 12.08%. The firm’s revenue was up 111.2% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. research analysts predict that Viper Energy Partners LP will post 0.96 EPS for the current year.

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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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Institutional Ownership by Quarter for Viper Energy Partners (NASDAQ:VNOM)

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