192,445 Shares in Viper Energy Partners LP (VNOM) Acquired by Raymond James Financial Services Advisors Inc.

Share on StockTwits

Raymond James Financial Services Advisors Inc. purchased a new stake in Viper Energy Partners LP (NASDAQ:VNOM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 192,445 shares of the oil and gas producer’s stock, valued at approximately $6,382,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brasada Capital Management LP raised its position in shares of Viper Energy Partners by 47.6% in the first quarter. Brasada Capital Management LP now owns 141,401 shares of the oil and gas producer’s stock valued at $4,688,000 after buying an additional 45,585 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Viper Energy Partners in the first quarter valued at approximately $10,229,000. Stephens Inc. AR raised its position in shares of Viper Energy Partners by 13.7% in the first quarter. Stephens Inc. AR now owns 9,950 shares of the oil and gas producer’s stock valued at $330,000 after buying an additional 1,200 shares in the last quarter. Carillon Tower Advisers Inc. raised its position in shares of Viper Energy Partners by 101.4% in the first quarter. Carillon Tower Advisers Inc. now owns 1,913,390 shares of the oil and gas producer’s stock valued at $63,448,000 after buying an additional 963,271 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Viper Energy Partners by 13.3% in the first quarter. California Public Employees Retirement System now owns 76,424 shares of the oil and gas producer’s stock valued at $2,534,000 after buying an additional 8,973 shares in the last quarter. 33.95% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on VNOM. Stephens began coverage on shares of Viper Energy Partners in a research report on Thursday, April 11th. They issued an “overweight” rating and a $47.00 price target for the company. BidaskClub downgraded shares of Viper Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. ValuEngine downgraded shares of Viper Energy Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Barclays began coverage on shares of Viper Energy Partners in a research report on Monday, May 13th. They issued an “overweight” rating and a $44.00 price target for the company. Finally, Royal Bank of Canada began coverage on shares of Viper Energy Partners in a research report on Thursday, April 18th. They issued an “outperform” rating and a $43.00 price target for the company. One investment analyst has rated the stock with a sell rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $42.14.

In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $31.65, for a total transaction of $79,125.00. Following the completion of the transaction, the president now directly owns 42,124 shares in the company, valued at $1,333,224.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.

Shares of VNOM opened at $28.84 on Thursday. Viper Energy Partners LP has a one year low of $22.76 and a one year high of $44.00. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 26.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 20.09 and a quick ratio of 20.09.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Viper Energy Partners had a net margin of 46.62% and a return on equity of 2.33%. The firm had revenue of $61.59 million for the quarter, compared to analyst estimates of $68.04 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts anticipate that Viper Energy Partners LP will post 1.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 5.27%. Viper Energy Partners’s dividend payout ratio is currently 140.74%.

COPYRIGHT VIOLATION WARNING: “192,445 Shares in Viper Energy Partners LP (VNOM) Acquired by Raymond James Financial Services Advisors Inc.” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4350078/192445-shares-in-viper-energy-partners-lp-vnom-acquired-by-raymond-james-financial-services-advisors-inc.html.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

Featured Story: What is an SEC Filing?

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).

Institutional Ownership by Quarter for Viper Energy Partners (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.



Latest News

Meiji Yasuda Asset Management Co Ltd. Has $1.34 Million Position in SYSCO Co.
Meiji Yasuda Asset Management Co Ltd. Has $1.34 Million Position in SYSCO Co.
TCG Advisors LP Buys New Stake in Stellus Capital Investment Corp
TCG Advisors LP Buys New Stake in Stellus Capital Investment Corp
Goodyear Tire & Rubber Co  Shares Bought by Neuburgh Advisers LLC
Goodyear Tire & Rubber Co Shares Bought by Neuburgh Advisers LLC
Neuburgh Advisers LLC Has $3.57 Million Position in Cimarex Energy Co
Neuburgh Advisers LLC Has $3.57 Million Position in Cimarex Energy Co
WeTrust Achieves Market Cap of $1.85 Million
WeTrust Achieves Market Cap of $1.85 Million
MSA Safety Inc  CFO Sells $395,200.00 in Stock
MSA Safety Inc CFO Sells $395,200.00 in Stock


© 2006-2019 Ticker Report