Viper Energy Partners LP (VNOM) Stake Held by Zacks Investment Management
Zacks Investment Management maintained its position in Viper Energy Partners LP (NASDAQ:VNOM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,545 shares of the oil and gas producer’s stock at the end of the second quarter. Zacks Investment Management’s holdings in Viper Energy Partners were worth $181,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC raised its stake in Viper Energy Partners by 77.4% in the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 8,357 shares in the last quarter. FMR LLC raised its stake 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 worth $22,845,000 after buying an additional 302,400 shares in the last quarter. GSA Capital Partners LLP bought a new position in Viper Energy Partners in the second quarter worth about $1,664,000. CI Global Investments Inc. raised its stake in Viper Energy Partners by 6.0% in the second quarter. CI Global Investments Inc. now owns 1,934,200 shares of the oil and gas producer’s stock worth $30,367,000 after buying an additional 108,705 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new position in Viper Energy Partners in the second quarter worth about $1,510,000. 15.59% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on VNOM shares. Mizuho raised shares of Viper Energy Partners from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Viper Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Stifel Nicolaus set a $20.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Northland Securities set a $21.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, Barclays PLC cut their price objective on shares of Viper Energy Partners from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.92.
In related news, Director Michael L. Hollis bought 2,500 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $16.07 per share, with a total value of $40,175.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Travis D. Stice bought 30,811 shares of the company’s stock in a transaction on Friday, July 21st. The shares were bought at an average cost of $14.75 per share, for a total transaction of $454,462.25. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 756,418 shares of company stock worth $10,901,466.
Shares of Viper Energy Partners LP (NASDAQ VNOM) opened at 19.36 on Friday. The stock has a market cap of $2.20 billion, a PE ratio of 25.61 and a beta of 0.99. Viper Energy Partners LP has a 12-month low of $13.53 and a 12-month high of $19.44. The stock’s 50 day moving average is $17.52 and its 200-day moving average is $17.16.
Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $36.62 million for the quarter, compared to the consensus estimate of $35.79 million. Viper Energy Partners had a net margin of 58.60% and a return on equity of 11.19%. Equities analysts expect that Viper Energy Partners LP will post $0.93 EPS for the current 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.
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