Shares of Viper Energy Partners LP (NASDAQ:VNOM) have earned a consensus recommendation of “Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $42.14.
A number of research analysts have weighed in on the company. Stephens assumed coverage on Viper Energy Partners in a report on Thursday, April 11th. They issued an “overweight” rating and a $47.00 price objective on the stock. Zacks Investment Research upgraded Viper Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. BidaskClub lowered Viper Energy Partners from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Raymond James set a $50.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada assumed coverage on Viper Energy Partners in a report on Thursday, April 18th. They issued an “outperform” rating and a $43.00 price objective on the stock.
VNOM stock traded down $0.34 during midday trading on Friday, reaching $27.40. The stock had a trading volume of 14,255 shares, compared to its average volume of 380,525. The company has a debt-to-equity ratio of 0.10, a quick ratio of 20.09 and a current ratio of 20.09. The firm has a market capitalization of $3.75 billion, a P/E ratio of 25.40 and a beta of 1.37. Viper Energy Partners has a 52-week low of $22.76 and a 52-week high of $44.00.
The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Friday, May 10th. Viper Energy Partners’s dividend payout ratio (DPR) is presently 140.74%.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $31.65, for a total value of $79,125.00. Following the completion of the sale, the president now directly owns 42,124 shares of the company’s stock, valued at approximately $1,333,224.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. CI Investments Inc. acquired a new stake in shares of Viper Energy Partners during the 4th quarter worth about $37,850,000. Spirit of America Management Corp NY increased its position in shares of Viper Energy Partners by 6.8% during the 1st quarter. Spirit of America Management Corp NY now owns 409,746 shares of the oil and gas producer’s stock worth $13,587,000 after purchasing an additional 26,157 shares during the last quarter. Dividend Assets Capital LLC increased its position in shares of Viper Energy Partners by 2.1% during the 4th quarter. Dividend Assets Capital LLC now owns 226,466 shares of the oil and gas producer’s stock worth $5,897,000 after purchasing an additional 4,652 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Viper Energy Partners by 22.9% during the 4th quarter. Eagle Asset Management Inc. now owns 1,438,748 shares of the oil and gas producer’s stock worth $37,464,000 after purchasing an additional 268,209 shares during the last quarter. Finally, Caz Investments LP acquired a new stake in shares of Viper Energy Partners during the 4th quarter worth about $104,000. 39.08% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Derivative
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