PEAK6 Investments L.P. bought a new position in Viper Energy Partners LP (NASDAQ:VNOM) during the first quarter, Holdings Channel reports. The firm bought 10,877 shares of the oil and gas producer’s stock, valued at approximately $196,000.

A number of other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new position in shares of Viper Energy Partners during the first quarter worth $121,000. A.R.T. Advisors LLC acquired a new position in shares of Viper Energy Partners during the fourth quarter worth $193,000. Citadel Advisors LLC acquired a new position in shares of Viper Energy Partners during the first quarter worth $235,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Viper Energy Partners during the fourth quarter worth $271,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Viper Energy Partners during the first quarter worth $281,000. Institutional investors and hedge funds own 20.52% of the company’s stock.

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

Shares of Viper Energy Partners LP (NASDAQ:VNOM) traded down 1.35% during trading on Monday, hitting $16.08. The stock had a trading volume of 64,969 shares. Viper Energy Partners LP has a 12 month low of $13.53 and a 12 month high of $19.60. The stock has a 50 day moving average of $17.34 and a 200 day moving average of $17.13. The company has a market cap of $1.57 billion, a PE ratio of 42.20 and a beta of 0.92.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Viper Energy Partners had a return on equity of 9.84% and a net margin of 33.56%. The firm had revenue of $33.65 million for the quarter, compared to analysts’ expectations of $29.06 million. Equities analysts forecast that Viper Energy Partners LP will post $0.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 18th were paid a dividend of $0.302 per share. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.26. This represents a $1.21 annualized dividend and a yield of 7.51%. The ex-dividend date was Tuesday, May 16th. Viper Energy Partners’s payout ratio is presently 345.72%.

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VNOM has been the topic of several recent research reports. Raymond James Financial, Inc. upgraded Viper Energy Partners from a “market perform” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, February 21st. Credit Suisse Group reiterated an “outperform” rating and set a $22.00 price objective on shares of Viper Energy Partners in a research report on Friday, June 2nd. TheStreet upgraded Viper Energy Partners from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Citigroup Inc. initiated coverage on Viper Energy Partners in a research report on Friday, March 31st. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research upgraded Viper Energy Partners from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.20.

In related news, Director Michael L. Hollis acquired 1,389 shares of Viper Energy Partners stock in a transaction on Friday, May 5th. The shares were bought at an average cost of $18.00 per share, with a total value of $25,002.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael L. Hollis acquired 2,917 shares of Viper Energy Partners stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $17.71 per share, for a total transaction of $51,660.07. The disclosure for this purchase can be found here. Insiders have acquired 22,474 shares of company stock worth $399,785 over the last three months.

About Viper Energy Partners

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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