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Viper Energy Partners LP (NASDAQ:VNOM) Shares Sold by Eagle Asset Management Inc.

By August 20, 2019 No Comments

Eagle Asset Management Inc. reduced its position in Viper Energy Partners LP (NASDAQ:VNOM) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,604,898 shares of the oil and gas producer’s stock after selling 1,023 shares during the period. Eagle Asset Management Inc. owned about 1.93% of Viper Energy Partners worth $80,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of VNOM. Carillon Tower Advisers Inc. lifted its stake in shares of Viper Energy Partners by 101.4% in the 1st 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 purchasing an additional 963,271 shares during the period. FMR LLC lifted its stake in shares of Viper Energy Partners by 14.7% in the 1st quarter. FMR LLC now owns 4,117,055 shares of the oil and gas producer’s stock valued at $136,522,000 after purchasing an additional 528,497 shares during the period. HITE Hedge Asset Management LLC lifted its stake in shares of Viper Energy Partners by 28.4% in the 1st quarter. HITE Hedge Asset Management LLC now owns 2,227,512 shares of the oil and gas producer’s stock valued at $73,864,000 after purchasing an additional 492,217 shares during the period. Emerald Advisers LLC lifted its stake in shares of Viper Energy Partners by 2,774.2% in the 1st quarter. Emerald Advisers LLC now owns 418,449 shares of the oil and gas producer’s stock valued at $13,876,000 after purchasing an additional 403,890 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Viper Energy Partners in the 1st quarter valued at $10,229,000. Hedge funds and other institutional investors own 38.75% of the company’s stock.

VNOM has been the subject of several analyst reports. Northland Securities reiterated a “buy” rating and issued a $38.00 target price on shares of Viper Energy Partners in a research note on Wednesday, May 1st. SunTrust Banks started coverage on shares of Viper Energy Partners in a research report on Monday, June 17th. They set a “buy” rating and a $36.00 price objective for the company. Capital One Financial started coverage on shares of Viper Energy Partners in a research report on Tuesday, July 2nd. They set an “overweight” rating and a $37.00 price objective for the company. ValuEngine upgraded shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Stephens set a $46.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Viper Energy Partners currently has an average rating of “Buy” and a consensus target price of $41.06.

Viper Energy Partners stock opened at $27.83 on Monday. Viper Energy Partners LP has a 52-week low of $22.76 and a 52-week high of $44.00. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 25.77 and a beta of 1.35. The company has a fifty day simple moving average of $30.24 and a 200-day simple moving average of $31.57. The company has a quick ratio of 17.70, a current ratio of 17.70 and a debt-to-equity ratio of 0.13.

Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 earnings per share (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 business had revenue of $72.19 million for the quarter, compared to analysts’ expectations of $69.49 million. During the same period in the previous year, the company earned $1.35 EPS. Viper Energy Partners’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts anticipate that Viper Energy Partners LP will post 0.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 14th will be issued a dividend of $0.47 per share. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.76%. Viper Energy Partners’s dividend payout ratio is presently 174.07%.

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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