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Alps Advisors Inc. Sells 592 Shares of Viper Energy Partners LP (NASDAQ:VNOM)

By September 13, 2019 No Comments

Alps Advisors Inc. decreased its position in Viper Energy Partners LP (NASDAQ:VNOM) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,252 shares of the oil and gas producer’s stock after selling 592 shares during the period. Alps Advisors Inc.’s holdings in Viper Energy Partners were worth $347,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Republic Investment Management Inc. raised its stake in Viper Energy Partners by 6.8% during the 2nd quarter. First Republic Investment Management Inc. now owns 9,850 shares of the oil and gas producer’s stock worth $304,000 after buying an additional 630 shares during the period. GW&K Investment Management LLC raised its stake in Viper Energy Partners by 13.6% during the 2nd quarter. GW&K Investment Management LLC now owns 729,295 shares of the oil and gas producer’s stock worth $22,477,000 after buying an additional 87,028 shares during the period. Aurora Investment Counsel raised its stake in Viper Energy Partners by 3.8% during the 2nd quarter. Aurora Investment Counsel now owns 80,940 shares of the oil and gas producer’s stock worth $2,611,000 after buying an additional 2,933 shares during the period. Requisite Capital Management LLC raised its stake in Viper Energy Partners by 55.7% during the 2nd quarter. Requisite Capital Management LLC now owns 163,750 shares of the oil and gas producer’s stock worth $5,047,000 after buying an additional 58,600 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Viper Energy Partners by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577 shares of the oil and gas producer’s stock worth $264,000 after buying an additional 545 shares during the period. Institutional investors and hedge funds own 38.78% of the company’s stock.

NASDAQ VNOM traded down $0.52 on Thursday, hitting $29.44. 57,672 shares of the stock traded hands, compared to its average volume of 456,169. Viper Energy Partners LP has a 12 month low of $22.76 and a 12 month high of $44.00. The business’s fifty day moving average is $29.41 and its two-hundred day moving average is $31.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 17.70 and a current ratio of 17.70. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 27.25 and a beta of 1.38.

Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). Viper Energy Partners had a return on equity of 0.62% and a net margin of 13.18%. The company had revenue of $72.19 million during the quarter, compared to the consensus estimate of $69.49 million. During the same period in the previous year, the business earned $1.35 earnings per share. Viper Energy Partners’s revenue was down 4.1% on a year-over-year basis. Analysts expect that Viper Energy Partners LP will post 0.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 14th were issued a $0.47 dividend. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.38. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date was Tuesday, August 13th. Viper Energy Partners’s dividend payout ratio (DPR) is presently 174.07%.

VNOM has been the topic of a number of research reports. Raymond James upped their price target on Viper Energy Partners from $50.00 to $52.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 1st. ValuEngine raised Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. BidaskClub raised Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 3rd. Capital One Financial initiated coverage on Viper Energy Partners in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $37.00 price objective for the company. Finally, Stephens set a $46.00 price objective on Viper Energy Partners and gave the stock a “buy” rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.06.

Viper Energy Partners 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.

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

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