BB&T Securities LLC Decreases Holdings in Viper Energy Partners LP (VNOM)

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BB&T Securities LLC cut its stake in shares of Viper Energy Partners LP (NASDAQ:VNOM) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,800 shares of the oil and gas producer’s stock after selling 4,900 shares during the period. BB&T Securities LLC’s holdings in Viper Energy Partners were worth $567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. James Investment Research Inc. bought a new stake in shares of Viper Energy Partners during the 2nd quarter valued at $2,183,000. Millennium Management LLC bought a new stake in shares of Viper Energy Partners during the 1st quarter valued at $551,000. Scholtz & Company LLC grew its position in shares of Viper Energy Partners by 8.0% during the 1st quarter. Scholtz & Company LLC now owns 87,781 shares of the oil and gas producer’s stock valued at $2,231,000 after acquiring an additional 6,500 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Viper Energy Partners during the 2nd quarter valued at $3,213,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Viper Energy Partners during the 2nd quarter valued at $256,000. Institutional investors and hedge funds own 24.97% of the company’s stock.

A number of equities research analysts have recently issued reports on VNOM shares. SunTrust Banks boosted their price objective on shares of Viper Energy Partners to $45.00 and gave the company a “hold” rating in a research report on Monday, August 6th. Citigroup boosted their price objective on shares of Viper Energy Partners from $29.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Raymond James boosted their price objective on shares of Viper Energy Partners from $38.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 16th. Zacks Investment Research downgraded shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Finally, Stifel Nicolaus raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $42.00 in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.64.

Shares of Viper Energy Partners stock opened at $41.72 on Friday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 38.99 and a beta of 1.02. The company has a quick ratio of 23.74, a current ratio of 23.74 and a debt-to-equity ratio of 0.36. Viper Energy Partners LP has a fifty-two week low of $17.81 and a fifty-two week high of $42.49.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Wednesday, August 8th. The oil and gas producer reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.33. The company had revenue of $75.41 million during the quarter, compared to the consensus estimate of $70.06 million. Viper Energy Partners had a net margin of 88.05% and a return on equity of 14.66%. Viper Energy Partners’s quarterly revenue was up 106.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. sell-side analysts forecast that Viper Energy Partners LP will post 1.63 EPS for the current year.

In related news, President Hof Matthew Kaes Van’t sold 7,615 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $38.58, for a total value of $293,786.70. Following the completion of the transaction, the president now owns 64,873 shares of the company’s stock, valued at approximately $2,502,800.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.

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

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