Viper Energy Partners LP (VNOM) Stake Boosted by Thompson Davis & CO. Inc.
Thompson Davis & CO. Inc. increased its holdings in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 940.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,200 shares of the oil and gas producer’s stock after purchasing an additional 4,700 shares during the period. Thompson Davis & CO. Inc.’s holdings in Viper Energy Partners were worth $121,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of Viper Energy Partners during the 3rd quarter valued at about $106,000. Investment House LLC acquired a new stake in Viper Energy Partners in the 4th quarter valued at approximately $223,000. Virtu KCG Holdings LLC raised its position in Viper Energy Partners by 77.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after buying an additional 8,357 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Viper Energy Partners by 9.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock valued at $310,000 after buying an additional 1,726 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Viper Energy Partners in the 3rd quarter valued at approximately $514,000. Institutional investors and hedge funds own 26.95% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Viper Energy Partners from a “strong-buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research report on Saturday, January 13th. Stifel Nicolaus reissued a “buy” rating and issued a $29.00 target price on shares of Viper Energy Partners in a research report on Wednesday, January 17th. Citigroup lifted their target price on Viper Energy Partners from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Barclays set a $20.00 target price on Viper Energy Partners and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Northland Securities reissued a “buy” rating and issued a $24.00 target price on shares of Viper Energy Partners in a research report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.77.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. sell-side analysts forecast that Viper Energy Partners LP will post 0.97 earnings per share for the current fiscal year.
Viper Energy Partners Company 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.
Want to see what other hedge funds are holding VNOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viper Energy Partners LP (NASDAQ:VNOM).
Receive News & Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.